Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Three not-for-profit organizations operate separately in Skysong City. The most established entity, Skysong Support, has been around for over 100 years and generates by far

image text in transcribed

image text in transcribed

image text in transcribed

Three not-for-profit organizations operate separately in Skysong City. The most established entity, Skysong Support, has been around for over 100 years and generates by far the largest amount of donations. Skysong Kidz Zone was founded 30 years ago and generates less than half of what Skysong Support brings in. Skysong Emergency Aid was founded just 20 years ago and provides relief to those in the most urgent of circumstances. Skysong Emergency Aid is building its donation network and is already close to the level of Skysong Kidz Zone in terms of fundraising dollars. Until last year, all three entities operated separately-separate staff, separate spaces, and separate work plans. Then last year, discussions began to coordinate some of their administrative efforts for efficiency purposes, recognizing that each could benefit if they were willing to give up a bit of comfort. Each entity is paying the following amount annually to rent administrative space and cover the cost of staff. After some searching, they found a space that would accommodate everyone's needs, while making it possible to reduce administrative hours by 30%. The new, larger space plus administrative labor cost for all would be $209,100. Using the stand-alone method, determine how much of the total cost for shared space and administrative labor would be allocated to each entity. (Round percentage of total to 2 decimal places, e.g. 15.25\% and final answers to 0 decimal places, e.g. 125. ) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions