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Please answer ASAP and I will upvote immediately. Answer questions below pertaining to the company listed below. Thanks The non-profit organization is College of Mount
Please answer ASAP and I will upvote immediately. Answer questions below pertaining to the company listed below. Thanks
The non-profit organization is College of Mount Saint Vincent
- Describe your organization. What makes it a nonprofit (or what would qualify it to be a nonprofit)?
- Why is it a non-profit? What are the benefits? Any disadvantages?
- Describe the accounting methods used.
- What are the benefits of the non-profit status of your organization?
- Who are your competitors?
- Does your organization generate a surplus? If so, how are the funds recorded in the financial statements? In general, what is the purpose of a surplus for a nonprofit?
- Is your organization leveraged? If so, describe the impact on the balance sheet and income statement. If not, assume your organization borrows $5 million. How would this impact the balance sheet and income statement?
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald Hilton, David Platt
12th edition
1259969517, 1260566390, 978-1260417043
