Profit

margin per desk is _____. a. $195 b. $108 c. $51 d. $126 Objective: Explain the components of cost–volume–profit analysis. 20. If the sales price per unit is $100, the total fixed costs are $75,000, and the break-even volume in dollar sales is $250,000, the variable cost per unit is _____. a. $70 b. $100 c. $75,000 d. $30 Objective: Use cost–volume–profit analysis and break-even analysis to make business decisions. 21. Hug Me Company produces dolls. Each doll…

Nevada Restaurant Association is a non-profit organization, which makes the accounting quite different from other organizations. To get the details and more specific information regarding the financial aspect of the organization, I interviewed my supervisor Scott Olson, who is a Director of Accounting and Administration in Nevada Restaurant Association. To cover the main aspects of accounting and finance of the company, I have divided my questions into three groups: reporting procedures, payroll…

This graph above shows the percentage of profit from tourism, as a group we were tasked with asking a variety of different questions to different businesses. Looking at the graph above you can see that it gives a clear understanding that companies are very reliant on tourism. For example, a Sweet sensation is a confectionary store which has been around for roughly 4 years. Over the 4-year period according the general manger much of the area has been declining due to weather and lack of tourism.…

Toastmasters International (TI) is non-for-profit educational organization. It helps individuals from diverse backgrounds and specialties improve their leadership and communication skills. TI first club was founded in October, 1924 by Dr. Ralph C. Smedley - the director of education of Young Men Christian Association (YMCA) in Santa Ana, California, U.S. at that time. Dr. Smedley formed the first group of speakers there when he realized the pressing need of YMCA members to communicate, lead and…

Since the beginning of this semester, my interest in the nonprofit sector changed from a distant goal to a concrete and realistic career plan. Before taking this class, I only knew the basics of nonprofit organizations that they work to benefit the community and that they are tax exempt. I proposed in my initial interest statement that I wanted to start my own nonprofit sometime in my career, but now I have a better idea of what it means to start a nonprofit and what some of the steps are to get…

In order to understand how research is used by public relations professionals of nonprofit organizations, one first must understand their target publics: clients and donors, along with media and town/city officials. Nonprofits use research for a multitude of reasons, but a prominent motive for their studies is to understand how they can best adapt their programming to meet the needs and availability of their publics. “Real research is a systematic process to seek answers to questions and…

2 Profit Determination Equation Profit is the amount whereby it is calculated with the formula, revenue minus expenses in a business (Appendix 3). The owner will obtain profit when the total revenue exceeded the total of expenses. What is a revenue? Revenue is an amount that the owner earned during the business period. For example, when the owner rents out one of his or her shoplot to others for business purposes, the owner will receive rental fee from them as a revenue which means profit.…

the organization wondered if it would make payroll. Its credit line was nearly maxed out and a number of vendor invoices were left unpaid. A group of board members and staff persons formed a special task force whose jobs were to examine the non-profits current operations but to also look for opportunities grow funding support. Through that effort, it was discovered that individual donations remained steady, however, efforts to connect with individual donors was an area of real opportunity. In…

League started it was Jeff Tarver idea and he shared it with two of his friends which was Tyler Jenkins and Nevin Shennett and they had a common idea, so they work together to make this great non-profit organization L.I.F.E. League. L.I.F.E. League add more members to their team so as Derek Watford as the treasurer of the organization they believe this would be a great idea because he own the Embark Insurance Agency and American Built Cargo Trailers…

collection of information about a certain program so as to make decisions about it. In a nonprofit firm, program evaluation helps in indicating how the organization has achieved its objectives, as well as being utilized as a key indicator of success. Non-profit Account Financial transactions within a nonprofit organization are quite frequent. Therefore, there is always a need to open a bank account to facilitate such an activity. Opening a nonprofit account requires a copy of the nonprofit’s…