1. What is the effective annual rate? (EAR) of the mortgage at 11.25 APR with quarterly ?payments?
2. Not-for-profit organizations should seek to earn a profit in order to do all of the following EXCEPT
expand their services.
provide a safety margin.
replace equipment
pay dividends to shareholders.
3. A reversal of the authorization to spend funds
overhead
devolution
zero-based budget.
recission
4. The responsibility of the financial manager in not-for-profit organizations is BEST described as
increasing organizational effectiveness
personnel decisions
providing services to the public.
setting organizational goals