djs1002

26.08.2021 • 

Business

The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management. The Foundation had the following preclosing trial balance at December 31, 2020, the end of its fiscal year: Trial Balance-December 31, 2017 Debits Credits
Accounts Payable $24,900
Accounts Receivable (net) $47,800
Accrued interest receivable 16,400
Accumulated depreciation 3,439,300
Cash 115,300
Contributed services-unrestricted 26,600
Contributions-unrestricted 2,446,000
Contributions-temporarily restricted 830,000
Contributions-permanently restricted 2,818,000
Current pledges receivable (net) 79,800
Education program expenses 1,601,200
Fund-raising expense 123,300
Grant revenue-temporarily restricted 91,500
Training seminar expenses 4,741,100
Land, buildings, and equipment 5,851,800
Long-term investments 2,862,100
Management and general expense 388,400
Net assets:
Unrestricted (January 1) 487,400
Temporarily restricted (January 1) 701,300
Permanently restricted (January 1) 1,330,200
Net gains on endowment
investments-unrestricted 18,400
Noncurrent pledge receivables (net) 383,900
Program service revenue-unrestricted 5,881,600
Postemployment benefits payable (noncurrent) 197,700
Reclassifications:
Satisfaction of program restrictions 263,100
Satisfaction of time restrictions 215,600
Satisfaction of program restrictions 263,100
Satisfaction of time restrictions 215,600
Research program expenses 1,296,800
Short-term investments 751,600
Supplies inventory 33,400
Totals $18,771,600 $18,771,600
Required:
1. Prepare closing entries for the year-end, using separate entries for each net asset classification.
2. Prepare a Statement of Activities for the year ended December 31, 2017. (Unrestricted, Temporarily restricted, permanently restricted)
3. Prepare a Statement of Financial Position as of December 31, 2017.

Ответ:

maleikrocks3497

10.02.2023

Business

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The marginal theory of value takes account of both scarcity and desirability by holding that, the total value of a good depends on the utility rendered by the last unit consumed. When discussing the marginal theory of value, the theory does its best to explain how the discrepancy in value of goods has a marginal utility. Marginal utility is the additional value/satisfication that a consumer gains from buying one more unit of a good or service. Economist use this to help determine how much of something a consumer will buy and use.

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