Based in Minneapolis, Minnesota, the Hubert Memorial Foundation Has $300

question 113

Essay

Based in Minneapolis, Minnesota, the Hubert Memorial Foundation has $300 million in investments and contributes approximately 80 percent of the average annual return of $25 million to worthy causes. Individuals and groups requesting grants of $100,000 or more must make an in-person presentation of their request. These presentations generally involve three to five individuals and take an average of two hours each. The Executive Director of the Hubert Foundation is concerned with the cost of resources used to schedule and accommodate the 500 to 600 group presentations each year. She has asked you for suggestions about what kind of cost data to gather, and ways to classify the data to help her understand cause/effect relationships between costs and results.
Required:
Write a brief memo to the Executive Director giving her some basic information on cost classification and behavior.

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Definitions:

Raney Nickel

A finely divided nickel alloy used as a catalyst in hydrogenation and other chemical reactions.

MgBr

Magnesium bromide is a chemical compound consisting of magnesium and bromine, often used in organic synthesis as a Grignard reagent.

Organic Product(s)

Substances derived from living organisms or containing carbon compounds.

Major

In the context of chemistry and reactions, "major" refers to the primary or most abundant product or outcome in a mixture of several possible results.