A Donor Pledges $100,000 to the Shakespeare Foundation to Be

question 34

Multiple Choice

A donor pledges $100,000 to the Shakespeare Foundation to be used only to support the summer Shakespeare Theater-an event that has been held every summer for 38 years.This is an example of a

• A)Conditional Contribution.
• B)Unconditional contribution.
• C)Restricted contribution.
• D)Unrestricted contribution.

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Definitions:

Break Even

The point at which total revenues equal total costs, resulting in no profit or loss.

Variable Costs

Costs that change in direct proportion to the level of production or business activity.

Profit

The financial gain or return derived from an investment, transaction, or operation after subtracting all costs, expenses, and taxes.

Utilization

The extent to which an entity (e.g., equipment, workforce) is being used efficiently to produce goods or services.