A Wealthy Individual Provides All the Funds for a Not-For-Profit

question 20

Multiple Choice

A wealthy individual provides all the funds for a not-for-profit counseling center that provides free assistance. Which of the following is a stakeholder?

• A) stockholders
• B) employees
• C) government
• D) taxpayers

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.

Accounts Receivable

Money owed to a company by its debtors for goods or services that have been delivered or used but not yet paid for.

Purchases

Merchandise for resale. It is a cost.

Departmental Gross Profit

The profit made by individual departments within a company, calculated by subtracting the cost of goods sold from the sales revenue generated by each department.