Answer questions below pertaining to the company listed below. The non-profit organization is the College of Mount
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Answer questions below pertaining to the company listed below.
The non-profit organization is the College of Mount Saint Vincent:
- Describe your organization. What makes it a nonprofit (or what would qualify it to be a nonprofit)?
- Why is it a non-profit? What are the benefits? Any disadvantages?
- Describe the accounting methods used.
- What are the benefits of the non-profit status of your organization?
- Who are your competitors?
- Does your organization generate a surplus? If so, how are the funds recorded in the financial statements? In general, what is the purpose of a surplus for a nonprofit?
- Is your organization leveraged? If so, describe the impact on the balance sheet and income statement. If not, assume your organization borrows $5 million. How would this impact the balance sheet and income statement?
Related Book For
Business and Administrative Communication
ISBN: 978-0073403182
10th edition
Authors: Kitty o. locker, Donna s. kienzler
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