structure. One should also note the lengthy court battles between Scientologists and the US government over their status as a religion‚ which has allowed them to be exempt from paying taxes‚ an extremely large benefit to any company trying to make a profit‚ as well as the suspicious and sudden out-of-court conclusion of those proceedings. Many other
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The non-profit organization (NPO) is itself the employer. The board of directors (the "Board")‚ usually elected by the general meeting of the members at an annual meeting‚ is responsible for overseeing the work of the organization and its employees. While decisions on the advice to hire staff or volunteers can delegate management team‚ board members are still responsible for the overall supervision of the organization‚ and can‚ in certain circumstances‚ are legally responsible decisions during his
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the sales goal for 2008?128% (2587643) = 3312183 3. List and briefly describe the five categories of business ratios. Financial ratios can be divided into five categories: * Liquidity (Solvency) ratios * Financial Leverage (Debt) ratios * Asset Efficiency (Management or turnover) ratios * Profitability ratios * Market value ratios The liquidity or solvency ratios focus on a firm’s ability to pay its short-term debt obligations. As such‚ they focus on the firm’s current
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The three myths in the “Appetite for Profit” book are choosing to eat healthier‚ marketing has little impact on food choices‚ and parents can say no to their kids. The first myth essentially comes down to the availability of healthier food. Not everyone has the option to afford this food because “healthy” food markets such as wholes food can be very expensive. Not only is it expensive‚but stores such as these are not always located in certain communities. The second myth describes the idea that
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Triple bottom line? - A stool is stable only if it has three legs The triple bottom line (abbreviated as "TBL" or "3BL"‚ and also known as "people‚ planet‚ profit" or "the three pillars”) captures an expanded spectrum of values and criteria for measuring organizational (and societal) success: economic‚ ecological and socia"People‚ planet and profit" succinctly describes the triple bottom lines and the goal of sustainability. "People" refer to employees‚ shareholders‚ customers‚ suppliers‚ workers‚
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Differences of Accounting for Government & Nonprofit organization versus for profit business. Business accounting has always been considered by some people to be the model for government accounting. But there are differences between one and another. Government and not for profit are governed mainly by their budgets. The budget covers the governmental decisions on how to raise money and where to spend it. Traditionally the budget takes center stage and one of the most public decisions
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COST-VOLUME PROFIT (CVP) ANALYSIS This is a technique used for planning short-term run profits by finding the relationship between profits and factors that influence profits. The following factors are taken to be influencing profits:- • Selling price • Variable cost of production • Fixed costs • Activity level (production and sales units) Profit planning is based on break-even analysis and can be worked out using either; a) Algebraic method b) Contribution method c) Break-even
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and report resources that are restricted‚ committed‚ or assigned to expenditure for principal and interest on general long-term liabilities”. Only general government long-term liabilities that are recorded in the General Long-Term Liabilities are serviced through Debt Service Funds. GAAP requires that a Debt Service Fund be used to account for debt service on general long-term liabilities only if (1)Use of Debt Service Fund is legally mandated (2)Financial resources are being accumulated for principle
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Profit‚ the Defiler of Christianity: a comparison of religion in Narrative of the Life of Frederick Douglass and Letter from Birmingham Jail In the year 313 AD‚ Emperor Constantine I adopted the Edict of Milan‚ allowing Christians to practice their faith without persecution. Although Christianity had been around for more than three hundred years by then‚ this was a foundational building block of the institution known as the “Church”. When we look back at the history of Europe we can see that
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Page 1 Nonprofit Versus For-Profit Healthcare Organizations and Options to Improve Both of Their Images Hospitals in the United States first came into existence as “institutions of social welfare‚” to provide for the sick‚ the poor‚ and to treat diseases. These facilities were mainly run and supported by charities. (Barton‚ 2009‚ p.252). Over time‚ with America’s capitalistic society‚ the emergence of for-profit hospitals began to compete with non-profit hospitals. Similarities between the two
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