Not-for-profit organisations are not interested in making a profit. Is this statement true? Does accounting and finance
Question:
‘Not-for-profit organisations are not interested in making a profit.’ Is this statement true? Does accounting and finance have a less important role to play in not-for-profit organisations than for businesses?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
The statement Notforprofit organizations are not interested in making a profit is generally true in the sense that the primary goal of notforprofit or...View the full answer
Answered By
Owino Otieno
My proficiency as a tutor lies in my ability to understand and respond to questions, provide explanations, and offer detailed information on various topics. I can help with academic subjects such as mathematics, science, history, literature, and more. I can also provide assistance with writing, proofreading, and language learning.
I am capable of adapting to different learning styles and can present information in a clear and concise manner. I can break down complex concepts into simpler terms, provide examples and illustrations, and engage in interactive discussions to enhance the learning experience. Additionally, I can offer guidance on problem-solving strategies, critical thinking, and exam preparation.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting For Decision Makers
ISBN: 9781292251257
9th Edition
Authors: Peter Atrill, Eddie McLaney
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The article below discusses a topic called "inflation targeting". Read the article, then create a post in which you state (a) how inflation targeting is related to expectations in the economy, (b)...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The data below provides weekly sales for the past 12 weeks (weeks 21-32). Week Sales 21 4,000 22 3,655 23 3,958 24 3,983 25 4,538 26 4,120 27 4,692 28 4,421 29 4,859 30 5,030 31 5,540 32 5,670 Use a...
-
Farrell Machine Company maintains a general ledger account for each class of inventory, debiting such accounts for increases during the period and crediting them for decreases. The transactions below...
-
What is the total current credit union amount withheld for all employees?
-
How might this affect the risk-taking behaviour of directors?
-
Comment on the following statement: More information is always preferred to less; you can never have too much information.
-
Required information The following information applies to the questions displayed below.) Mead Incorporated began operations in Year 1. Following is a series of transactions and events involving its...
-
The following is the income statement for Nikov and Co. for the year ended 31 December 2018, along with information relating to the preceding year. Required: Analyse the performance of the business...
-
The following is the statement of financial position of WW Associates as at 31 December 2017: 1. The owners withdrew 23,000 of equity in cash. 2. Premises were rented at an annual rental of 20,000....
-
A rock has a specific gravity of 2.32 and a volume of 1.42 10 -4 m 3 . How much does it weigh?
-
Year 5% 6% 4 3.546 3.465 5 7% 3.387 3.312 4.329 4.212 4.100 8% 3.993 5.076 4.917 4.767 4.623 Present Value of an Annuity of $1 at Compound Interest 9% 10% 11% 12% 13% 14% 15% 3.240 3.170 3.102 3.037...
-
2. Determine the overturning stability of the cantilever retaining wall shown. The equivalent fluid density is 5.5 kN/m, soil density is 18 kN/m, and the concrete weighs 23.5 kN/m. (5 pts) 2 m 2 m 2...
-
A. For a certain two-dimensional, incompressible flow field the velocity component in the y direction is given by v = 3xy + xy 1. (05 pts) Short answer, what is the condition for this flow field to...
-
Cho0se a hazardous material to cr3ate a pr3sentation on (i.e. sulfuric acid, explosives, used needles, there are many types of hazardous materials) Cr3ate a presentation (P0werPoint, Open0ffice...
-
If det [a b] = c d 2 -2 0 a. det c+1 -1 2a d-2 2 2b -2 calculate:
-
JetBlue was one of the first companies to incorporate the Twitter microblogging service into its customer communications, and more than a million flyers and fans now follow the airline's tweeting...
-
Write an essay describing the differing approaches of nursing leaders and managers to issues in practice. To complete this assignment, do the following: 1. Select an issue from the following list:...
-
What are accounting policies and how should they be determined?
-
Financial reporting standards eliminate the need for accountants to make judgements and so lower their professional status. Do you agree?
-
Why do we need accounting rules?
-
Saly paid $52,000 a year paid on a weekly basis. last pay she had $250 withheld in Income Tax, $48.97 for CPP and $15.80 for EI. an additional $and 25.00 in tax are deducted each pay. She allowed to...
-
Required information [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Asset Drill bits (5-year) Drill bits...
-
Which of the following partnership items are not included in the self-employment income calculation? Ordinary income. Section 179 expense. Guaranteed payments. Gain on the sale of partnership...
Study smarter with the SolutionInn App