1 20% of marketing expenses are fixed; the rest are variable; all other expenses are
1 Ticket sales are low because the restricted government grants are to
subsidize ticket prices just to children 12 and under.
Financial Analysis - Utah Symphony
Sources of change in Net Assets
The change in net assets for the year ended August 31, 2007 was $1,951,168. The net assets at
the beginning of the year were $43,989,424 and at the end of the year was $45,94
Date: September 28, 2013
Sub: Recommendation for the Not-for-Profit Museum
Given the assumptions, the budgeted figures show a deficit of $375,000, up from $140,000 in the
current year. This fall is majorly due to the discontinuation of t
For Profit Entity Journal Entry
(Recording the purchase of a computer)
Non Profit Entity Journal Entry
Restricted Cash fund
0 Not for profit organization does not have any
stakeholders and does not work with a motive to earn
0 These are the organizations that are set to provide
services to the society.
* When was GASB Statement No. 56 initiated?
The Governmental Accounting Standards Board (GASB) issued the statement No. 56 on April
16, 2009 and effective from March 2009. The statement No.56 incorporates accounting and
financial reporting guida
Portion1: Financial Ratio Analysis
This section will analyze the financial ratios of the Wal-Mart Inc compared with the industry
averages. This will include four financial ratios including profit as a percent of sales, current
ratio, debt to equity ratio
Transaction 1: Assume a nonprofit has a restricted fund for capital asset purchases. Compare the
journal entries for the cash purchase of a $10,000 computer by the nonprofit, to how the journal
entry would look for this for-profit.
a. For a nonprofit enti