A good measure of whether a not-for-profit organization is "liquid" and can meet its short-term obligations is:
A. Percentage of unrestricted net assets to operating expenses.
B. Current assets divided by current liabilities.
C. Total revenues divided by total expenses.
D. Percentage of program expenses to total expenses.
Answer: B
You might also like to view...
How high or how low you speak, and the variety of in?ections you use, is called
A) pitch B) rate C) non-?uencies D) tone
Pairwise deletion may be appropriate when all of the following conditions are present EXCEPT:
A) the sample size is large. B) there are few missing responses. C) the variables are not highly related. D) the sample size is small. E) C and D
If bonds are issued at a premium, the face interest rate is
a. lower than the market rate of interest. b. higher than the market rate of interest. c. too low to attract investors. d. adjusted to a higher effective rate of interest.
On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $20,000. What is the amount of the gain or loss on this transaction?
A) Gain of $20,000 B) Loss of $10,000 C) No gain or loss D) Cannot be determined