A Membership Pass to the YMCA (A Private Not-For-Profit Organization)includes

question 28

Multiple Choice

A membership pass to the YMCA (a private not-for-profit organization) includes unlimited rights to all facilities and a health magazine subscription.Non-members do not possess these rights.How must the YMCA account for membership dues?

• A) The dues are a non-exchange transaction, so it should report all dues in the year received.
• B) The dues are a non-exchange transaction, so it should report dues on a pro-rata basis determined by the length of the individual memberships.
• C) The dues are an exchange transaction, so it should report all dues in the year received.
• D) The dues are an exchange transaction, so it should report dues on a pro-rata basis determined by the length of the individual memberships.

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Definitions:

Personal Selling

A marketing process which involves face-to-face communication between salespeople and prospective buyers to promote and sell products or services.

Paid Personal Communication

A marketing strategy involving direct payment for personalized communication efforts, such as targeted email campaigns or sponsored social media posts.

Distribution Options

The various methods or channels a company can use to deliver its products or services to customers, such as direct selling, online sales, or through retail partners.

Structural Options

Structural options pertain to the various organizational configurations a business can adopt to achieve its strategic objectives, including divisions based on product, geography, or function.