Which of the following receipts may properly be accounted for as an increase in net assets without donor restrictions by a private college?
A. Federal grant for genetic research.
B. Acceptance of assets, the income from which will be paid to the donor.
C. Student tuition and fees.
D. Gift from an alumnus for a new college of business building.
Answer: C
You might also like to view...
Which one of the following statements is TRUE?
A. An agency cost is the reduction in firm value due to agency conflicts. B. An agency cost is the wage required to pay someone who is hired to perform a service. C. An example of an agency cost is when the board of directors pays a dividend to shareholders. D. An example of an agency cost is when an attorney hires an expert witness for a trial. E. The commission required by the Federal Housing Agency for a small business loan is an example of an agency cost.
A company must repay the bank a single payment of $35,000 cash in 3 years for a loan it entered into. The loan is at 6% interest compounded annually. The present value of 1 (single sum) at 6% for 3 years is 0.8396. The present value of an annuity (series of payments) at 6% for 3 years is 2.6730. The present value of the loan (rounded) is:
A. $49,345. B. $29,386. C. $93,555. D. $13,094. E. $35,000.
A test to determine merchantability based on unfamiliar objects found in food is known as the ________
A) foreign substance test B) consumer expectation test C) contamination test D) contagion test
A manufacturing firm uses a level utilization production-planning horizon of three months. They have developed a forecast for the coming three quarters that appears in the table
They can add no more than 10% of their production capacity as overtime and can order no more than 10% of a month's regular capacity via subcontractors. The company has a zero backorder policy but has space for a maximum of 100 items in their finished-goods inventory. If all extra costs are shown in the table, what is the minimum cost sales and operations plan? January February March Forecasted Demand 1100 950 1350 Regular Capacity 1000 1000 1000 Workforce level Overtime ($40/unit) Subcontracting ($100/unit) Inventory holding ($10/unit) Total Cost