- 9_12ME6671-QUIZ3 - Print Test

Similar documents
- 9_12ME6671-QUIZ3 - Print Test

GAIN INSIGHT: SPONSORSHIPS VS ADVERTISING. berrydunn.com GAIN CONTROL

CHECKLIST C505. Factors Indicating the Presence of Unrelated Business Income (UBI) (See Chapter 12)

Reporting Institution: University of Arkansas, Fayetteville Reporting Year (FY): School Info

A Guide to Withholding Taxes on Performers and Performing Entities. Massachusetts Department of Revenue

AUBURN UNIVERSITY Foundation. Auburn University: Development Accounting Guidance Memo

Tourism Event Sponsorship Funding Application Form for Events in Noosa for 1 August July 2018

Income Tax Technical News No. 26 December 24, 2002 This version is only available electronically. In This Issue

Below are the rules and regulations created by Canada Revenue Agency (CRA) around issuing tax receipts for Third Party events:

Reporting Institution: University of Mississippi Reporting Year (FY): School Info.

Athletic Facility Rental Guidelines

Nonprofits Organizations and Fundraising 180

UNIVERSITY OF UTAH OFFICE OF THE STATE AUDITOR. Intercollegiate Athletics Department Agreed-Upon Procedures Report For the Year Ended June 30, 2016

Ideally your contribution should be made as soon as possible in the year in order to shelter the investment income from tax.

Name of Reporting Institution: Auburn University Information for the Reporting Year: 2011

Spartanburg Methodist College The Report on Athletic Program Participation Rates and Financial Support Data

STUDENT GUIDE TO CLUB FUNDING

INTERPRETATION OF DTAA. Employee remuneration, Director Fees, Artistes and Sportsperson Article 15, 16 and 17

Reporting Institution: San Jose State University Reporting Year (FY): 2014


CURRENT FUND EXPENSES $ 81,365 $ 85,625 $ 84, $ 100, % 18.2% $ 14,682 $ 15,447

Name of Reporting Institution: Kenyon College Information for the Reporting Year: II (with football)

Section V. Partnership Agreements

ST. CLOUD MUNICIPAL BAND EXPENSE REIMBURSEMENT POLICY1

Name of Reporting Institution: University of Oregon Information for the Reporting Year: 2010

North Carolina State University Administrative Procedures Manual Chart of Accounts Revenues Accounts

Name of Reporting Institution: Kenyon College Information for the Reporting Year: III (with football)

THE QST AND THE GST/ HST: HOW THEY APPLY TO CHARITIES. revenuquebec.ca


On Saturday, March 4, 2017, please join our Hosts and Gala Committee for the

file:///c:/documents and Settings/rck7/Desktop/

SPECIAL EVENTS POLICY March 2010

MAKE MONEY MAKE SENSE

UNIVERSITY OF LOUISVILLE ATHLETIC ASSOCIATION, INC. A Component Unit of the University of Louisville

Name of Reporting Institution: Kansas State University Information for the Reporting Year: 2011

University of Washington

The Madison Square Garden Company Reports Results for the Fiscal 2012 Third Quarter

ttps://web1.ncaa.org/ncaaeada/np.jsp

Monthly Expenses Worksheet

Company Analysis. Robert Jake Anderson PRT 503. The Madison Square Garden Company Analysis

UNIVERSITY ATHLETIC ASSOCIATION, INC.

Unrelated Business Income Tax (UBIT)

KIDS ENJOY EXERCISE NOW FOUNDATION, INC. AND AFFILIATES CONSOLIDATED FINANCIAL STATEMENTS. December 31, 2015

F 15 STANDING COMMITTEES. B. Finance, Audit and Facilities Committee. Intercollegiate Athletics Annual Financial Report

Contra Costa Community College District Business Procedure 6.04 USE OF COLLEGE FACILITIES

SGA Financial Bylaws. For the purpose of this document, the following definitions shall apply, unless the context indicates otherwise:

Products. Terms. Target Markets. Event Cancellation & Non-Appearance. Weather Guard. Prize/Promotions & Over Redemption

Small Group Dental Rates 2009

UNRELATED BUSINESS TAXABLE INCOME

NCAA Agreed Upon Procedures Report

MAINE REVENUE SERVICES SALES, FUEL & SPECIAL TAX DIVISION INSTRUCTIONAL BULLETIN NO. 32

NCAA Agreed Upon Procedures Report

830 Fifth Avenue New York, NY Tel Fax org

Intercollegiate Athletics Financial Report June 30, 2017

Reporting Institution: Kenyon College Reporting Year (FY): 2015

12A Admissions. (1)(a) Every person is exercising a taxable privilege when such person sells or receives anything of value by way of

3) The related salary and benefit costs associated with District contract managers are also excluded.

INDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES

Reporting Institution: Merrimack College Reporting Year (FY): 2015

Page: FUNDRAISING GENERAL POLICY

CITY OF SASKATOON COUNCIL POLICY

Special Event Permit Application

Travel and Expense Reimbursement Policy

Common Deductions For Business Owners


The 2014 Gay Games: An Economic Impact Study

Reg. Section (f)(2)(iii)(A) Disallowance of deductions for certain expenses for entertainment, amusement, recreation, or travel.

UCF ATHLETICS ASSOCIATION, INC. INDEPENDENT ACCOUNTANTS REPORT ON THE APPLICATION OF AGREED-UPON PROCEDURES FOR THE YEAR ENDED JUNE 30, 2016

THE UNIVERSITY OF MICHIGAN

Associated Students, Inc. CALIFORNIA STATE UNIVERSITY, LOS ANGELES &6 Operating Budget Review Draft

Notice Meals, Entertainment, and Travel Expenses

Student Organization Accounting Training Susan Higginbotham Assistant Director August 28, 2017

Athletic Facility Rental Guidelines

The purpose of this document is to provide guidance on the use of unrestricted non-tax levy funds and the annual reporting of such use.

Recognized Student Organization Financial Guidelines

1/74

CITY OF JERSEY CITY Office of Cultural Affairs Steven M. Fulop Mayor

TOWN OF CARSTAIRS. Box 370, 844 Center Street, Carstairs, AB. T0M 0N0 (403) Fax (403)

OVERVIEW OF THE UNRELATED BUSINESS INCOME TAX AT FIU. Unrelated Business Income Tax

Lesson 6.1 Assignment

1/76

Knights of Columbus South Carolina State Council. Liability Insurance Policy. For the State of South Carolina. Knights of Columbus

SAN JOSE STATE UNIVERSITY INTERCOLLEGIATE ATHLETICS DEPARTMENT. Report on Applying Agreed-Upon Procedures. Year ended June 30, 2016


Statement of Net Assets

Department of Intercollegiate Athletics

University of Maine System ADMINISTRATIVE PRACTICE LETTER

ADMINISTRATIVE PRACTICE LETTER

1/66

UNIVERSITY INTERSCHOLASTIC LEAGUE ANNUAL FINANCIAL REPORT (STATUTORY BASIS)

South Florida. Hosting a FUNDRAISING EVENT. in support of Ronald McDonald House of Charities South Florida.

1/71

Agreement and Guidelines for Third Party Fundraising Events

1 of 75 1/11/2017 1:22 PM

Operating Budget

NCAA Agreed Upon Procedures Report

AC SANDHILLS 2016/17 Volleyball Acceptance Agreement. *AC Sandhills 2016/17 Volleyball Fees:

We appreciate the assistance provided to us by the various departments at UTA.

Unallowable Cost Policy Revision Date: 8/18/17

Part 1: Retirement Income Estimation Worksheet:

Transcription:

Page 1 of 8 Report: Test Answer Key District: Robeson Test: Description: SEM2 3.02 QUIZ Form: 501 1. Lights, practice venue and ticket production are considered to be which type of expense? 4. Sixty percent of monies are allocated for player/personnel. This is an example of companies defining: Advertising expenses. Annual costs of doing business. expenses. Monthly production costs. 2. Paying the entertainer for his/her services are considered to be which type of expense? 5. The fee for renting a warehouse for storing the bands equipment was negotiated by the promoter. This is an example of which category of expenses? promoter. This is an 3. You hire extra staff to work the charity golf tournament. This expense is part of which budgetary expense?

Page 2 of 8 6. In addition to the assortment of band t- shirts, CD s, posters and other merchandise, the concert promoter gave the sponsoring radio stations backstage photo opportunities as a token of appreciation. These gifts would be considered which type of expense for the promoter? 7. The sophisticated sound system for the concert required additional amplifiers and sound boards that were rented from a local music store. This is an example of which category of expenses? 8. The crew of roadies is responsible for unloading the band s equipment and setting up the stage at the venue. In addition to a salary, the roadies are paid an allowance to cover their daily expenses. This is an 9. Joe Louis Arena in Detroit contracts with an area equipment rental company for additional lighting and effects when required for high- energy concert performances. This is an example of which category of expenses? 10. The film crew in Wilmington was hired for a four-week contract. They were paid an allowance for their daily expenses. This is an 11. A generous prize purse was offered to the top race finishers and those runners setting course records. The prize purse is an

Page 3 of 8 12. Expenses for the figure skating judges and officials at a national championship would be categorized as which type of expense? 13. A local top 40 band was hired to provide entertainment at a social function following the tennis tournament. This is an example of which category of expenses? 14. Liliana has decided to file her trademark application using the online Trademark Electronic Application System (TEAS) available through the U.S. Patent and Trademark Office. The filing fee is an 15. Flyers and posters are distributed to area schools promoting summer basketball camps for students. The cost of printing and mailing these items is an example of which category of expenses? 16. A social event honoring the professional golfers who raised money for the charity tournament was held at the Hyatt Regency. The expense for this party would be categorized as: 17. A gala post-awards party was organized for the recipients and sponsors of the annual charity event. The expense for this affair would be categorized as:. Advertising.......

Page 4 of 8 18. The mayor of Raleigh presented each Brazilian soccer player with a Hurricane s hockey jersey as a souvenir of their visit. These jerseys would be categorized as what type of expense? Site preparation 19. The local arts council contracted with a well- known children s comedy troupe to provide entertainment at the Festival in the Park. This compensation is categorized as what type of expense? 21. While the basketball coliseum was being built, the Bobcats maintained a 6,000 square foot marketing center at Hearst Tower in uptown Charlotte. This state-ofthe-art office facility, with a prestigious, convenient address, has a very high cost per square foot. The rent for this marketing center in Hearst Tower would be considered which type of expense? 22. Which type of expense is office space rental? 20. Eva travels to numerous out-of-state sales conferences for professional development and to network with other media salespeople. This is an example of which type of expense? 23. The agency office manager places monthly orders to Staples for copier paper, toner cartridges, stationery and other items necessary to operate a business. These are which type of expense?

Page 5 of 8 24. The government mandates worker compensation coverage for employees. These insurance premiums are expenses categorized as: 25. Providing health and dental insurance for employees is a significant cost of doing business. The health and dental insurance premiums are expenses categorized as: 26. Security and utilities are which type of expense? Accessibility........ 27. Advertising, officials, photographers and prize money are which type of expense? 28., gifts and parties are which type of expense? 29. You hire extra staff to work the charity golf tournament. This expense is part of which budgetary expense?

Page 6 of 8 30. As the concert promoter for a popular children s character, you must determine advertising and ticket production expenses. Which type of expenses are these considered? 31. Potential sponsors were invited to the hospitality tent at the speedway for an evening of dining and entertainment after the race. This expense is considered: 32. The cost of renting the speedway for a weekend car show was renegotiated after the promoter committed to three additional bookings over the next two years. This is an Accounting.... 33. Extra spotlights were rented from an equipment supplier for an elaborate production being run at the theater. This is an 34. A full-page newspaper ad and radio spots were purchased promoting an upcoming celebrity tennis tournament. Flyers and posters were also printed and distributed to area country clubs and recreation centers. The expense for this promotion is categorized as: 35. Charlotte Center City Partners works with Raycom Sports to produce the Continental Tire Bowl Uptown Pep Rally and Street Party the day before the game in December. A popular local band was hired to perform as part of the festivities. The compensation to the band is categorized as what type of expense?.... Site preparation

Page 7 of 8 36. The concert promoter designated a block of tickets to be given to local sponsors as a token of appreciation. This is an example of which category of expenses? 37. for the entertainment, gifts and parties are categorized as which expense? 39. Crew per diem, lights, practice venue and ticket production are which type of expense? 40. Office supplies and staffing are which type of expense? 38. What type of expense are health insurance premiums? 41. Sixty percent of monies are allocated for player/personnel. This is an example of companies defining: Annual advertising expenses. Annual costs of doing business. expenses. costs.

Page 8 of 8