Top and middle management are primarily responsible for ________ control
A) annual-plan
B) efficiency
C) profitability
D) technological
E) innovation
A
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How does the text define philanthropy?
a. any voluntary action that assists a nonprofit organization or people in need b. the donation of time to assist a nonprofit organization or people in need c. the donation of money or property to assist a nonprofit organization or people in need d. the possession of goodwill toward those in a more disadvantaged position
Jake Co. has prepared the following fixed budget for the year, assuming production and sales of 30,000 units. This level of production represents 80% of capacity.Jake Co.Fixed BudgetFor Year Ending December 31Sales ………………………………………………?$1,500,000Cost of goods sold:?? Direct materials ………………………………$540,000? Direct labor ……………………………………300,000? Indirect materials (variable) …………………15,000? Indirect labor (variable) ………………………21,000? Depreciation …………………………………180,000? Salaries ………………………………………90,000? Utilities (80% fixed) …………………………54,000?
Maintenance (40% variable) …………………33,0001,233,000Gross profit ………………………………………?$ 267,000Operating expenses:?? Commissions …………………………………$ 45,000? Advertising (fixed) ……………………………60,000? Wages (variable) ………………………………15,000? Rent ……………………………………………30,000? Total operating expenses ……………………? 150,000Income from operations …………………………?$ 117,000Calculate the following flexible budget amounts at the indicated levels of capacity:?Operations at60% of Capacity?Operations at75% of CapacitySales ? Total variable costs ? Total fixed costs ? Income from operations ? What will be an ideal response?
Which of the following ranges of annual returns best describes the variability for small-company stocks in the United States for the period 1950-1999?
A) 0% to 15% B) -10% to 40% C) -30% to 55% D) -40% to 100%
Answer the following statement(s) true (T) or false (F)
1. There was no such thing as planned giving before the Tax Reform Act of 1969. 2. The federal estate tax affects only relatively wealthy people. 3. Deferred gifts benefit the organization only at some future time. 4. In 2013, donor-advised funds held more total assets than the Bill and Melinda Gates Foundation. 5. An “expectancy” is a promise that can be changed.