The director of a nonprofit ballet company in a medium-sized city in a certain country is planning its next fundraising campaign. In recent years, the program has found the percentages of donors and gift levels given in the accompanying table. Develop a spreadsheet model to calculate the total amount donated based on this information if the company contacts 900 potential donors to donate at the $100 level or below. H Click the icon to view the percentages of donors and gift levels. Complete the following spreadsheet model to calculate the total amount donated. 1 Gift Level Average Number of Gifts Amount Donations 2 Benefactor $10,000 3 Philanthropist $5,000 11 4 Producer's Circle $1,000 25 5 Director's Circle $500 49 6 Principal $100 8% 7 Soloist $50 14% 9 Solicitations 900 10 Total Donations
The director of a nonprofit ballet company in a medium-sized city in a certain country is planning its next fundraising campaign. In recent years, the program has found the percentages of donors and gift levels given in the accompanying table. Develop a spreadsheet model to calculate the total amount donated based on this information if the company contacts 900 potential donors to donate at the $100 level or below. H Click the icon to view the percentages of donors and gift levels. Complete the following spreadsheet model to calculate the total amount donated. 1 Gift Level Average Number of Gifts Amount Donations 2 Benefactor $10,000 3 Philanthropist $5,000 11 4 Producer's Circle $1,000 25 5 Director's Circle $500 49 6 Principal $100 8% 7 Soloist $50 14% 9 Solicitations 900 10 Total Donations
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%

Transcribed Image Text:The director of a nonprofit ballet company in a medium-sized city in a certain country is planning its next fundraising campaign. In recent years, the program has
found the percentages of donors and gift levels given in the accompanying table. Develop a spreadsheet model to calculate the total amount donated based on this
information if the company contacts 900 potential donors to donate at the $100 level or below.
E Click the icon to view the percentages of donors and gift levels.
Complete the following spreadsheet model to calculate the total amount donated.
Average Number
of Gifts
1 Gift Level
Amount
Donations
2 Benefactor
$10,000
3 Philanthropist
$5,000
11
4 Producer's Circie
$1,000
25
5 Director's Circle
$500
49
6 Principal
$100
8%
7 Soloist
$50
14%
9 Solicitations
900
10 Total Donations
BA
Pr
Help me solve this
View an example
Get more help-
Clear all
Check answer

Transcribed Image Text:- X
Percentages of donors and gift levels
Gift Level
Amount
Average Number of Gifts
Benefactor
$10,000
Philanthropist
$5,000
11
Producer's Circle
$1,000
25
Director's Circle
$500
49
Principal
$100
8% of solicitations
Soloist
$50
14% of solicitations
Print
Done
Clear all
View an example
Get more help -
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education