Non-Profit Clubs free essay sample

Earned conducting business and club income. E. g. Membership fees, sale of refreshments, donations, etc. Not sale of assets. Gain to club. Increase surplus. Answer: -membership fees -entrance fees -sale of refreshments -sale of uniforms Question Two: Definition of Expenditure: Refers to the amounts paid or payable. Normally incurred while running the club. Necessary to generate income. Either used up immediately or have no lasting value. Loss to club. Decrease surplus. Debited to Nominal accounts section in General Ledger. E. g. Rent expense, stationary, electricity, wages, etc. Answer: -uniforms to sell -refreshments to sell -electricity -water -rent expense -salaries/wages -stationary Question Three: Answer: †¢Membership Fees: –also known as subscriptions. -usually most important income (revenue) to a club, major portion. -together with additional income, cover expenses. -fixed amount. -paid by members of club. -usually payable annually, sometimes quarterly or even monthly. income to club. †¢Income Receivable/Accrued income: (same as usual), income still owed to us but not yet received. We will write a custom essay sample on Non-Profit Clubs or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page E. g. members who have not yet paid subscription. †¢Income Received in advance: (same as usual), income received before it was due to be paid. E. g. members that pay their subscription early. †¢Honorarium: -certain people that do a lot of work (bulk of the work) for the club are occasionally voted a sum of money (remunerated) as a token of appreciation at the end of the year. -expense to club. Entrance Fees: -new members may be expected to pay a fee to join the club. -normally a once off fee. -I. e. when the member joins for the first time. -income to club. †¢Affiliation Fees: -if the club wants to enter a team to play other teams in the area then the club needs to pay an ‘affiliation fee’ to the organising body. -paid annually. -expense to club. †¢Accounts using the same principle as â€Å"consumable stores† and â€Å"consumable stores on hand† and also â€Å"expenses prepaid’, etc. do in a trading concern: -e. g. tennis balls’ and ‘tennis balls on hand’ -in clubs these consumable stores are sometimes also sold as â€Å"trading stock† -once the it em is used (not necessarily used up), (by the club), it is immediately considered an expense. †¢ Refreshments: -recorded the same as one would record trading stock. †¢Membership Fees Written Off: -members would get expelled if their membership fees are not paid over a long period of time (and warning) and their bad debts would be written off. -same principal as writing off bad debts in a trading oncern. Question Four: Answer: Membership fees are due on the first day of each year. They are paid annually, directly to the club. The club has a meeting at the end of each year to clarify the membership fees of the next year. An invoice will be sent out to each member indicating the money due to the club on the first day of the year. This fee must be paid by the end of the first month. If it isn’t, the member will be addressed by the club via an email. By the end of the second month, a letter will be sent in the post. This letter will warn them of the repercussions of not paying and advise them on how they can go about paying if they are struggling (a percentage each month). These warnings will continue for the entire year. In the last month of the year they will get the final warning, which will be via email, post and face to face, in which they will be warned that if not paid by the last day of the year, the club will expel the member. If the membership fee is still not paid by the first day of the next year, it will be written off and the member will be expelled.

Age of the Bosses essays

Age of the Bosses essays As industrialization caused cites to grow in leaps and bounds, political bosses started to take power. As the 19th Century came to a close, almost every sizable city had a political boss, or at least had one rising to power. Tons of immigrants from every part of the world began to pour into the major cities. Cities have had diversity in the past, but the huge diversity of the American cities was unique. The only thing the new immigrants had in common with each other was the dream of becoming rich and the poverty of their current state. Unfortunately, so many different people with so little in common often left tension between different groups on the edge of becoming violent outbreaks. The famous Tammany set the example early on of how to broaden it's own appeal to people of all races and ethnic groups. Not long after, the other bosses did the same. The bosses did much to clean up some neighbors and prevent violence, but of course it always had the ulterior motive of securing votes fo r their own power. Their corruption often lead to their downfall, such as William Tweed, who died in 1878, penniless and imprisoned. On of the main power gaining tools for the bosses was the ability to give employment to people. The people would sign onto these payrolls even when padded, since any employment was better than no employment. Another platform was the sale and regulation of liquor. Though becoming somewhat unpopular among some Americans, Europeans were appealed by the bosses' support of liquor. Also appealed were many middle class members of society who, though not needing financial aid, did enjoy the consumption of alcoholic beverages. Many businesses also were dependent on the local government cooperating with their operation and expansion. This expansion also attracted more people to the city, thus they fed and grew off each other, expansion of business and population. The boom in population meant that the city had to accommodate the new pe ...

International Change and the Social World II Essay

International Change and the Social World II - Essay Example Family can be formally defined on the basis of two aspects namely as a social institution and as an ideology. The paper is aimed to discuss the two aspects of the family. In addition the, different theoretical bases in the study of sociology, the functionalist approach and the feminist perspective will be used to understand the different concepts within the family. In the study of the family, the common and universal knowledge that every individual in the society possesses is related to the function of the family as a social institution. Through the course of history until the present era though, the concept of the family is continuously developing and changing. During the early part of the 20th century, specifically the 50’s and 60’s, the concept of the family had been defined through the functionalist approach proposed by Talcott Parsons. The said theoretical perspective is mainly based on the different functions of the family as a whole as well as the role of the different members for the family. The functionalist approach can then be considered as a structured definition of the concept of the family. He defined the different functions of the family in the society such as the development of the children in terms of socialization and the stabilization of the adult personality. Parsons’ view specifically presented the family as an independent unit. The father as the one who defined the occupational role in the family and the stratification of the family based on gender were included in the said theoretical perspective (Unit B Introduction, p.58). The functionalist approach can be considered as a classical view on the concept of the family. This can be attributed to the fact that during the said era the family was more structured and there was strict cultural norms related to the roles within the family and in the society. As the needs of the people and the society changes, the theoretical perspective