Governmental or not-for-profit organization

Assignment Help Accounting Basics
Reference no: EM13763688

You are part of a group of concerned citizens in your city and have approached the mayor to form a community organization that will provide a music outreach program for the local youth. He has given his approval and support and as the next step, chooses a board of directors and hires staff. This organization is going to be completely financed by city grants. Answer the following:

  • Is this a governmental or not-for-profit organization (NFPO)?
    • Explain your answer in detail. Support your response with a narrative containing facts or other relative information.
  • If you feel that it is an NFPO, what would need to happen to this organization for it to become a governmental organization?
  • If you feel that it is a governmental organization, what would need to happen to this organization for it to become an NFPO?

Reference no: EM13763688

Questions Cloud

Programming with control structures : Develop a Python program which will calculate the sum of an integer series, as described below. The program wil repeatedly prompt he user to enter a command (a character string).
Examination financial information for huffman trucking : Examine financial information for Huffman Trucking, within the Virtual Organization web link located on the course materials page.
Presentation for upper level management : Prepare a presentation for upper level management to explain the process by which a privately held company would transition to publicly held company.
Program to prompt the user for an arithmetic choice : The main menu of your program is to continue to prompt the user for an arithmetic choice until the user enters a sentinel value to quit the calculator program.
Governmental or not-for-profit organization : Is this a governmental or not-for-profit organization (NFPO)? Explain your answer in detail. Support your response with a narrative containing facts or other relative information.
Create input forms fleet truck maintenance database : Using Microsoft access create input forms for the Fleet Truck Maintenance Database.
Spendable resources of the entity : What is a fund and how is it used? How does the balance of a fund represent the available spendable resources of the entity?
Paid-in capital separate from earned capital : Why is it important to keep paid-in capital separate from earned capital? As an investor, is paid-in capital or earned capital more important? Explain why.
Analyze the required elements of a communication plan : Explain how change control is implemented in the information technology processes. Analyze the required elements of a communication plan.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd