(Computation of a not-for-profit organization's program services ratio) A voluntary health and welfare organization obtains contributions to...

Question:

(Computation of a not-for-profit organization's program services ratio) A voluntary health and welfare organization obtains contributions to perform various social services. The following information is extracted from its statement of activities:

image text in transcribed

Required: Compute the organization's program services ratio.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Government And Not For Profit Accounting

ISBN: 9780130464149

5th Edition

Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch

See More Books

Question Posted: Jun 05, 2024 01:01 AM

See More Questions

A voluntary health and welfare organization obtains contributions to perform various social ser-vices. The following information is extracted from its statement of activities. Compute the...
1. A local citizen gives a not-for-profit organization a cash donation that is restricted for research activities. The money should be recorded in a. Unrestricted Net Assets. b. Temporarily...
Voluntary Health and Welfare Organization [AICPA Adapted] Items 1 through 6 represent various transactions pertaining to Crest Haven, a voluntary health and welfare organization, for the year ended...
Kiev Corp. was incorporated on January 2, 2020, but was unable to begin manufacturing activities until July 1, 2020, because new factory facilities were not completed until that date. The Land and...
Is there a relationship between development of PPP's in the European Union on the one side and kind of sector, institutional level, and legislation on the other side?
Figure 27.56 shows a double slit located a distance x from a screen, with the distance from the center of the screen given by y. When the distance d between the slits is relatively large, there will...
Sex composition patterns of children in families. In having children, is there a genetic factor that causes some families to favor one sex over the other? That is, does having boys or girls run in...
Omron Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly cost of producing 10,000 containers follows: Unit-level...
On May 12 Zimmer Corporation placed in service equipment (seven-year property) with a basis of $220,000. This was Zimmer's only asset acquired during the year. Calculate the maximum depreciation...
(Computation of a city's budgetary cushion) The following information is extracted from the general fund column of a city's fund financial statements: Required: Compute the city's budgetary cushion....
(Computation of days' revenue in patient accounts receivable) The following information is extracted from Gamma Hospital's financial statements: Required: Compute the number of days' revenue in...
In 2008, Frank made an installment sale of real property to Stu, his son, for $1 million with payments due over a 10-year period. Frank did not file a gift tax return. For 2016, Frank reported...
P15-29A (similar to) In its annual report, WRM Athletic Supply, Inc. includes the following five-year financial summary: (Click the icon to view the financial summary.) Read the requirements. Current...
Toxaway Company is a merchandiser that segments its business into two divisions-Commercial and Residential. The company's accounting Intern was asked to prepare segmented income statements that the...
Jimmy Kolop is a manager of a physical therapy department at Bentley Rehab Center. As a unit manager, Jimmy has limitations on exceeding a budget based on a particular item. Bentley Rehab center...
Use z scores to compare the given values. Based on sample data, newborn males have weights with a mean of 3233.5 g and a standard deviation of 933.5 g. Newborn females have weights with a mean of...
Glycolic acid is produced electrochemically from ethylene glycol under alkaline conditions(naoh). Hydrogen is produced at the cathode, formic acid and oxalic acid are side products Mass balance to...
Who is considered the client when auditing public companies?
Why do CPA firms sometimes use a combination of positive and negative confirmations on the same audit?
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
Company has a following trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would it be beneficial to borrow money and pay off invoices earlier?
Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable inter-market arbitrage opportunity? 129.87/$1.1226/$0.00864/ 114.96/ B $0.8908/ (C)...

(Computation of a not-for-profit organization's program services ratio) A voluntary health and welfare organization obtains contributions to...

Question:

Expenses: Youth services Senior citizens health services Adult counseling services Management and general Fund-raising Total expenses $ 89,000 312,000 248,000 156,000 68,000 $873,000

Step by Step Answer:

Introduction To Government And Not For Profit Accounting

Students also viewed these Business questions