-6-- -U----- es in the Stanger area. He attends StangerI The Spor ---- -- - - -- - - ------20:015 ê ☺ I o---..-.- ARCDI Lebo is a learner who lives in the Stanger area. He attends StangerI Comprehensive School, which has an encolment of 450 learners. The school hadmany fund raising activities during the course of the year. They roised anamount of R 24 500, towards the schools Sports and Fun day. Meals werebudgeted at R 18 per learner. Sound and entertainment amounted to 10% of thetotal amount raised. Mr Pillay, the school principal decided to donate R BO00I The sports stadium costs double the amount spent on banners and tags.1.1) Study the budget for the school sports and Fun day, then answer the questionns setINCOMEEXPENSESIncome from fund raisingRR 24 500Hire of stadiumA.DonationR8000MealsBanners & tagsR 1250Sound and entertainmentIcAdmin & telephoneR250TOTAL INCOMEAMOUNT LEFT OVER AFTER EXPENSES HAVE BEEN PAID1.1.1Calculate the values indicated by A, B, C. D, E1.1.2 Verity whether a surplus or a deficit was made. Substantiate your answerAdd a caption...> Status (Custom)+

Given information Number of learners = 450 Income from fund raising = R 24,500 banners and tags =…

Answered: I Lebo is o learner who lives in the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please helppp, this is for financial mathematics, thank youuuuuuu
Santos has a poultry farm in General Santos City. Every week, he earns 593,840 for chicen and 726,195 or eggs. Of thee earnings, he is able to save 359 a month, and the rest of his earnings is used as revolving fund. How much is his total sales a week? How much does he earn in all for 4 weeks?
Karen White helped organize a charity fund to help cover the medical expenses of a friend of hers who was seriously injured in a bicycle accident. The fund was named Vicky Hill Recovery Fund (VHRF). Karen contributed $1,000 of her own money to the fund. The $1,000 was paid to WKUX, a local radio station that designed and played an advertising campaign to educate the public as to the need for help. The campaign resulted in the collection of $20,000 cash. VHRF paid $12,000 to Mercy Hospital to cover Vicky's outstanding hospital cost. The remaining $8,000 was contributed to the National Cyclist Fund. Required Identify the entities that were mentioned in the scenario and explain what happened to the cash accounts of each entity that you identify. Entities Mentioned Vicky Hill Recovery Fu Karen White Effect On Cash for cash contributions, $21,000 for payment of advertising, $1,000 payment for hospital bills, $12,000 for donation to National Cyclist Fund, $8,000 by contribution, $1,000
A volunteer has been asked to drop off some supplies at a facility housing victims of a hurricane evacuation. The volunteer would like to bring at least 240 bottles of water, 117 first aid kits, and 83 security blankets on his visit. The relief organization has a standing agreement with two companies that provide victim packages. Company A can provide packages of 21 water bottles, 9 first aid kits, and 7 security blankets at a cost of $2. Company B can provide packages of 8 water bottles, 5 first aid kits, and 3 security blankets at a cost of $1.50. How many of each package should the volunteer pick up to minimize the cost? What amount does the relief organization pay? Answer Enter the value in the first box and the ordered pair in the second box. Minimum Cost of S Minimum Cost at Tables Keypad Keyboard Shortcuts
sity in Philadelphia used a biplane to pull a sign promoting its evening program, and one in Mississippi you 5-38 Advertising Expenditures and Nonprofit Organizations Many colleges and universities have been extensively advertising their services. For example, a upiu sity in Philadelphia used a biplane to pull a sign promoting its evening program, and one in Mississin designed bumper stickers and slogans as well as innovative programs. Suppose Hilliard College charges a comprehensive annual fee of $14,800 for tuition, To and board, and it has capacity for 2,000 students. The admissions department predicts enrollmento 1,700 students for 20X1. Costs per student for the 20X1 academic year are as follows: Variable Fixed Total Educational programs $5,200 $ 3,900 $ 9,100 Room 1,100 2,300 3,400 Board 2,500 500 3,000 $8,800 $ 6,700" $15,500 *Based on 1,700-2,000 students for the year. The assistant director of admissions has proposed a 2-month advertising campaign using radio and television…
The School of Accounting (SOA) at State University is planning its annual fundraising campaign for accounting alumni. This year, the SOA is planning a call-a-thon and will ask Beta Alpha Psi members to volunteer to make phone calls to a list of 5,000 alumni. The Dean’s office has agreed to let Beta Alpha Psi use their offices from 6 p.m. to 9 p.m. each weekday so that they will have access to phones. Each volunteer will be provided with a phone and a script with an introduction and suggested responses to various questions that had been asked in the past.Carol Johnson, Beta Alpha Psi faculty advisor, estimates the following:1. Of the 5,000 phone numbers, roughly 10 percent will be wrong numbers (because alumni change addresses and phone numbers without updating State University). In that case, thestudent is instructed to apologize to the answering party, hang up, and move on to the next phone number. Each of these calls takes about three minutes.2. Another 15 percent will be correct…
Shiigi Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May is to be based on 3,360 meals. The diner's director has provided the following cost data to use in the budget: groceries, $4.40 per meal; kitchen operations, $4,660 per month plus $2.75 per meal; administrative expenses, $3,860 per month plus $1.00 per meal; and fundraising expenses, $1,760 per month. Required: Prepare the diner's budget for the month of May. The budget will only contain the costs listed above; no revenues will be on the budget. Shiigl Urban Diner Planning Budget For the Month Ended May 31 Budgeted meals Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense 3,360
Becky Shelton, a teacher at Kemp Middle School, is in charge of ordering the T-shirts to be sold for the school's annual fund-raising project. The T-shirts are printed with a special Kemp School logo. In some years, the supply of T-shirts has been insufficient to satisfy the number of sales orders. In other years, T-shirts have been left over. Excess T-shirts are normally donated to some charitable organization. T-shirts cost the school $7 each and are normally sold for $15 each. Ms. Shelton has decided to order 800 shirts. Required a. If the school receives actual sales orders for 725 shirts, what amount of profit will the school earn? What is the cost of waste due to excess inventory? b. If the school receives actual sales orders for 820 shirts, what amount of profit will the school earn? What amount of opportunity cost will the school incur? a. b. Profit Waste due to excess inventory Profit Opportunity cost

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