Given the Following Data: EBIT = 400; Tax = 100;

question 50

Multiple Choice

Given the following data: EBIT = 400; Tax = 100; Sales = 3000; Average Total Assets =
1500, calculate the ROA (Return on Assets) :

• A) 10%
• B) 20%
• C) 7.5%
• D) None of the above

Understand the role and function of advancement services in fundraising.

Differentiate between types of foundations and their operational characteristics.

Understand the trends and expected growth in different types of giving.

Recognize strategic philanthropy and its connection to corporate business goals.

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Definitions:

Nonmaterial Way

A term often related to philosophical, spiritual or cultural practices that involves something intangible, not based on material or physical objects or needs.

Liability

The condition of having legal accountability, especially regarding debts or legal duties.

Contractually Agreed Upon Fee

A fee that parties have explicitly decided upon within a contract for services or goods.

Damages

Monetary compensation required to be paid as a remedy for a breach of contract or a tortious act.