Does a not-for-profit agency need to budget? Why or why not?
All entities need to use the formal budgeting process. While the nonprofit agency is not trying to make a profit, it does need to determine sources and uses of revenues. For example, local United Ways budget each year. First, they listen to proposals from the agencies that want funding. Worthy proposals are chosen and a budget to obtain revenues and then distribute those revenues is developed. The budget forms the foundation for the fall fundraising efforts.
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A highway contractor needs to locate a single supply point to provide road building materials to four projects. The four projects, which are all approximately the same magnitude, are located at the following coordinates
Coordinate units are in miles. X (East) Y (North) Project A 50 10 Project B 15 60 Project C 40 60 Project D 30 20 a. What is the center of gravity? b. If a single truck were sent from center-of-gravity to each project and back (four round trips), how many miles would be traveled? (Hint: use the Pythagorean Theorem C = ).
Gallup Foods produces a gourmet condiment that sells for $22 per unit
Variable cost is $8 per unit, and fixed costs are $6,000 per month. If Gallup expects to sell 2,000 units, compute the margin of safety in dollars. (Round any intermediate calculations to the nearest whole unit, and your final answer to the nearest dollar.) A) $34,571 B) $1,571 C) $6,000 D) $12,571
Operating leverage predicts the effects fixed costs have on changes in operating income when sales volume changes
Indicate whether the statement is true or false
Balance sheets
A) show how the firm raised funds to purchase assets. B) report a firm's activities over a period of time. C) describe a firm's cash flows. D) provide information about a firm's labor costs. E) may not balance if the firm suffered a net loss.