Compare and contrast the high-engagement and multiyear support characteristics of venture philanthropists.
What will be an ideal response?
High engagement: Venture philanthropists have a close, hands-on relationship with the social entrepreneurs and ventures they support, driving innovative and scalable models of social change. Some may take board positions on these organizations, and all are far more intimately involved at strategic and operational levels than are traditional nonprofit funders. Multiyear support: Venture philanthropists provide substantial and sustained financial support to a limited number of organizations. Support typically lasts at least 3 to 5 years, with an objective of helping the organization to become financially self-sustaining by the end of the funding period.
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Define a process costing system and list two types of businesses that would use a process costing system
What will be an ideal response
An open system consists of nonproprietary hardware and software based on publicly known standards that allows third parties to create add-on products to plug into or interoperate with the system.
Answer the following statement true (T) or false (F)
Given the following information, construct the firm's cash budget for the given months. a. 75 percent of sales are for credit, and collections occur after thirty days. b. A $100,000 Treasury bill matures in March. c. Monthly fixed disbursements are $14,000. d. Variable disbursements are 62 percent of sales and occur one month prior to sales. e. A tax payment of $13,500 is due in February. f. The initial cash is $20,000. g. The minimum required cash balance is $5,000. h. Variable cash disbursements are given for April. January February March April Sales -- $60,000 80,000 100,000 Cash sales -- Collections -- Other receipts --
Total cash receipts -- Variable 30,000 disbursements Fixed disbursements Other disbursements Total cash disbursements Net change during the month Beginning cash Ending cash Required cash Excess cash to invest Cash borrowed What will be an ideal response?
In a recent meeting, the sales manager for a drug company stated that she needed to have a forecast prepared for each week for the next six weeks. The week in this case is the:
A) forecasting horizon. B) forecasting period. C) planning time. D) forecasting interval.