In the Current Year National Pet Charities, Which Uses Fund-Type

question 2

Multiple Choice

In the current year National Pet Charities, which uses fund-type accounting to maintain its books and records, received a $30,000 contribution to help educate people on responsible pet ownership. During the current year, the entry to record this donation is

• A) UNRESTRICTED FUND. No entry. RESTRICTED FUND. Debit Cash $30,000; Credit Revenues $30,000.
• B) UNRESTRICTED FUND. No entry. RESTRICTED FUND. Debit Cash $30,000; Credit Net assets $30,000.
• C) UNRESTICTED FUND. Debit Cash $30,000; Credit Revenues $30,000. RESTRICTED FUND. No entry.
• D) UNRESTRICTED FUND. Debit Cash $30,000; Credit Net assets $30,000. RESTRICTED FUND. No entry.

Grasp the significance of local optima in optimization problems and their impact on solution quality.

Comprehend the characteristics and applications of nonsmooth models in optimization.

Understand the concept and applications of permutations in optimization problems.

Understand how to calculate and interpret the gross margin ratio.