The principal purpose of budgets in a not-for-profit organization is to set revenue targets to ensure profitable operation to ensure expenditures are kept in line with expected revenues to motivate top management The principal purpose of budgets in a not-for-profit organization is to set revenue targets to ensure profitable operation to ensure expenditures are kept in line with expected revenues to motivate top management Question 3 (1 point) The preparation of the budgets is the responsibility of: accounting staff none of the listed answers are correct operating managers all of the listed answers could be responsible a budget committee In June, Blackfly Ltd. received a $7,000 cash payment for work performed \& billed the previous month. The company replanted a clear-cut area of northern Alberta for which it sent out an invoice for $25,000. At the beginning of the month the company had $2,000 of trees for planting. During the month the company purchased $2,000 more, and at the end of the month it was left with trees that had cost $1.000. The company's expenses were $1,000 in rent for its office and $3,000 in other expenses. Amortization on the truck and office equipment was calculated to be $2.000. The income tax rate is 10%. Total expenses for the month of June were $9.000 $7.500 none of the listed answers are correct $8.000 Your company manufactures swimming pools and has reached its manufacturing capacity with its current facilities at 6,000 units per year. At this level, fixed costs total $1,800,000 per year; variable costs are $2,200 per unit. Units are sold at $3,000 per unit. Assuming an additional 1,000 units of capacity can be rented for $500,000 fixed per year, how many additional units must be sold to breakeven on this additional capacity assuming no other changes? 519 625 556 645