What is contribution revenue

Assignment Help Accounting Basics
Reference no: EM133070176

Question - Acme University, a non-profit, gets a donation of $1,000,000 from donors who received nothing in return. Also, donors gave $20,000, and in return got football tickets worth $5,000. What is contribution revenue, if the above are the only contributions?

1. 0

2. 1,020,000

3. 1,015,000

4. 1,000,000

Reference no: EM133070176

Questions Cloud

Identify all categories of assets reported by the company : Identify all categories of assets reported by the company and What is the significance of classifying an item as other comprehensive income
What retained profit will positivtok make in the three month : Sundry other cash expenses of £1,000 will be paid each month. What retained profit will Positivtok make in the three month period
Significance of implementation shortfall : What is the significance of 'implementation shortfall' measure as a transaction cost measure?
What is the beta of the portfolio : Use stock data from tidyquant package in R to answer this questions. You have a portfolio of $10,000. The stocks in your portfolio are as follows.
What is contribution revenue : Also, donors gave $20,000, and in return got football tickets worth $5,000. What is contribution revenue, if the above are the only contributions
What is apple inc major opportunities : What is Apple inc major opportunities in the coming years
What would be the value of the bonds on January : What would be the value of the bonds on January 1, 2043, if the interest rates had fallen to 8%? Based on the price, how would these bonds be classified
Identify which of the articles is behavior analytic : Identify which of the articles is behavior analytic and which is not, and provide an explanation for your choice and How do you know the seven dimensions
Compute the anticipated break-even sales : For the current year ending December 31, McAdams Industries expects fixed costs of $607,600, Compute the anticipated break-even sales

Reviews

Write a Review

Accounting Basics Questions & Answers

  Heersink corporation bases its predetermined overhead rate

heersink corporation bases its predetermined overhead rate on variable manufacturing overhead cost of 10.50 per

  Calculate Lawrence ending inventory

Lawrence owns a small candy store that sells one type of candy. Calculate Lawrence's ending inventory and cost of goods sold using the FIFO inventory valuation

  What is the cost to purchase a statement?

nteract Case-FASAB. Examine the Federal Accounting Standards Advisory Board's Web site at www.fassab.gov and prepare a brief report about its mission and structure and compile a list of organizations represented on its Accounting and Auditing Policy ..

  What is the total depreciation expense

What is the total depreciation/amortisation expense for the capitalised development costs for the year ending 30 June 2020

  What would be the projected current ratio of the company

If all current assets and current liability accounts increase proportionately with sales, what would be the projected current ratio of the company

  Calculate under-or overallocated overhead at the end of may

Job costing-service industry. Market Pulse performs market research for consumer product companies across the country. The company conducts telephone surveys.

  What would the profit margin on sales

If the company cannot cut costs any lower than they already are what would the profit margin on sales be if they meet the market selling price

  Distribution of income of families

The distribution of income of families in the US in 1979 (in actual dollars uncorrected for in?ation) is shown in the table below (Prob 4.28):

  What is Hanover adjusted gross income

Milton Hanover was divorced from his wife. Interest received on municipal obligations: $1,000. What is Hanover's adjusted gross income for 2011

  How would this agreement be reported on balance sheet

How would this agreement be reported on White's December 31, 2019, balance sheet (assume the note payable is short-term)

  How many dollars of net income were earned

How many dollars of net income were earned for each dollar invested by the owners?

  Explain the process costing income statement

Explain the process costing income statement and provide a hypothetical example of process costing income statement in a manufacturing enterprise

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