Be that as it may, the 2010 annual report of Age UK for charity number 1128267) highlights some significant statistics:
What will be an ideal response?
? Gross income of £160.7m and spending of £159.9m
? Net income of £70.2m, (i.e. gross income less associated costs of income generation, the latter being
a significant proportion of gross income – 52% although lower than 2009), broken down thus:voluntary £39.8m; trading 29.6m (much of it paid-for services such as insurance to elderly
consumers and retail shop sales); and investment income £793k.
? 2221 staff (down from a combined total of 2616 in 2009) and around 10,000 volunteers
? Expenditure of £68.1m on charitable activities (offset by charitable income of £7.3m), and other
costs of £8.8m including governance.
? Age UK expended funds in 7 key areas of activity. Nationally organised services including
information and advice accounted for 38% of spending; financial support to enable local Age UK
affiliates to deliver services in their defined areas was the next largest element (35%). Political
campaigning (14%), international support (11%) and funding external research projects into age-
related issues (3%) accounted for the rest.
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For each of the following accounts, state type of account and the normal account balance. Assume a periodic inventory system.
Unemployment benefits are excluded from gross income.
Answer the following statement true (T) or false (F)
Define at-will employment?
What will be an ideal response?
Systematic reviews of a company's product mix aid in determining when product deletion is necessary.
Answer the following statement true (T) or false (F)