0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How do you apply for nonprofit grants'?
There are forms that must be filled out for nonprofit grants. Sites like nonprofitexpert.com show the steps and forms that must be filled out for nonprofit grants.
What is life assurance fund?
It is the excess revenue income over revenue expenditure for an insurance company.
What is net Interest?
Net Interest refers to the revenue that is got from the difference between cost of servicing liabilities and the revenue generated by assets that bear interest. This considered to be an excess revenue.
What profit margin is allowed for a nonprofit organization before it loses its status?
Technically, nonprofits do not generate a profit, rather a "surplus," i.e., any revenues brought in beyond what is required to meet costs. This surplus, by law governing the nonprofit status, must be "re-invested" into the nonprofit for purposes of furthering the nonprofit's mission and goals. This contrasts with for profit enterprises whose profits may be re-invested but can also be distributed to investors or shareholders (for publically traded companies). There is no limit to the surplus a nonprofit may generate and reinvest into its mission.
What is the purpose of a nonprofit?
The purpose of a nonprofit business is to tell the consumers that they are not really interesting in making profit but offering them the service.
What types of industries have unearned revenue?
Industries that have unearned revenue are nonprofit agencies like UNICEF. Another industry that has unearned revenue is the Internal Revenue Service of the United States.
How do you apply for nonprofit grants'?
There are forms that must be filled out for nonprofit grants. Sites like nonprofitexpert.com show the steps and forms that must be filled out for nonprofit grants.
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
What is life assurance fund?
It is the excess revenue income over revenue expenditure for an insurance company.
What are major accounting differences between nonprofit and for-profit organizations?
Tax exemption, restrictions on funds, and sources of revenue.
Are all Nonprofit Organizations reputable?
No, not all nonprofit Organizations are reputable, you must search for their history and judge on your own.
What is net Interest?
Net Interest refers to the revenue that is got from the difference between cost of servicing liabilities and the revenue generated by assets that bear interest. This considered to be an excess revenue.
Can a church rent a house and be nonprofit?
Yes they can rent a house still be non profit because the revenue generated by it will help the poor and the needy.
Expenses incurred while earning revenue should be reported in the same period that the income is reported?
matching principle
What is a nonprofit organizations purpose?
The purpose of a non profit will be different for every non profit.
All bills for raising what must originate from the house of representatives?
revenue
How is a gross margin calculated?
the excess of the net sales revenue over the cost of goods sold.
