Bean Manufacturing Reported the Following Information for 2016 Operating Expenses Are: Salaries, $100,000; Depreciation, $40,000; Rent, $20,000; Utilities

question 40

Multiple Choice

Bean Manufacturing reported the following information for 2016: $$\text { Budgeted purchases } \quad \frac { \text { October } } { \$ 240,000 } \quad \frac { \text { November } } { \$ 256,000 } \quad \frac { \text { December } } { \$ 288,000 }$$ Operating expenses are: Salaries, $100,000; Depreciation, $40,000; Rent, $20,000; Utilities, $28,000
•Operating expenses are paid during the month incurred.
•Accounts payable is used only for inventory acquisitions.
How much is the budgeted amount of cash to be paid for operating expenses in November?

• A)$404,000
• B)$148,000
• C)$188,000
• D)$444,000

Understand various forms of giving and their implications for donors and nonprofit organizations.

Know the different fund-raising strategies and methods, including the use of technology.

Understand the phases of a campaign and the measures of effectiveness in fund-raising efforts.

Distinguish between fund-raising, development, campaigns, and other related concepts.

---

Definitions:

Autarky Price

The price of goods or services within a self-sufficient economy that does not engage in international trade.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, representing extra benefit to producers.

International Trade

The exchange of goods, services, and capital between countries and territories, often driven by comparative advantages and specialization.

Comparative Advantage

A principle in international trade that suggests a country or entity should produce and export goods and services for which it has a lower opportunity cost compared to other countries or entities.