Question

In: Accounting

The Save the Ridley Turtles Society is an NFP oranization whose mission it is to save...

The Save the Ridley Turtles Society is an NFP oranization whose mission it is to save the Ridley turtles from extinction and educate the public about the turtles. The society invites the citizens of the coastal areas where the turtles nest to a lecture on the nesting habits of the turtle. It also explains how people can play a role in improving the successful hatching of the turtle eggs in their area. At the conclusion of the lecture, the members of the society request donations to help prevent the extinction of the Ridley turtle. Which criteria are met in this scenario in order for joint costs to be allocated between program and support expenses?

Check All That Apply

Purpose

audience

Content

Fails all three criteria.

Solutions

Expert Solution

The above case can be summarized as follows :-

The Save the Ridley Turtles society is an NFP organization whose mission is to save turtles. It invites the citizens to provide lectures on the nesting habits of the hurtle also explaining what role people can play in improving the successful hatching of turtle eggs in the area. The society further requests donations to help prevent the extinction of Ridley Turtles.

Not for profit organizations are allowed to allocate the joint costs between program and support expenses provided they satisfy few criteria. With respect to the question above, we analyse the options and the criteria that is met in the scenario to allocate the costs between program and support expenses:-

A.) PURPOSE:- The mission statement of the Save The Ridley turtles is to prevent the turtles from extinction. It aims to achieve this by educating people to increase the successful hatching of eggs. Since this activity is driven towards the accomplishment of the company's main purpose, this criteria is met.

B.) AUDIENCE :- The programmes conducted by Ridley Turtles society is primarily targeted towards people from the coastal areas.The coastal areas are the primary catchment areas where the Turtles nest. This has been targeted to the right audience and hence this criteria has also been met. The activity also includes the portion of fundraising element as it requests for funds from the audience. The society, through its programmes, aims to educate these audiences to help in the successful hatching of its turtles.

C.) CONTENT :- The content criteria is also met because the programmes conducted supports the organization's goal of ensuring that the turtles are not extinct. The content that the programme exhibits is focussed towards educating people on saving the turtles and to perform call to action like inviting donations and suggesting the audience on what they can do to ensure that turtles do not become extinct.

Hence, the Purpose, audience and content criteria are met for this scenario because of which the Joint costs can be allocated between Program and support expenses.


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