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Most of the money that Goodwill makes goes to the people that they are using the funds to help. The employees at Goodwill make minimal salaries in order to reduce overhead and make sure that every cent counts.

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Q: What happens to all the money Goodwill generates?
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What types of items are auctioned off on the site for Goodwill?

All types of items are auctioned off on the site for Goodwill. The items for the auctions come from the donations that are made by the public. Anything that you have ever given to Goodwill would possibly be a candidate for being auctioned on their site.


How do you get a pay stub as a goodwill employee?

I work at goodwill and I'm sure they have a way to get you your pay check stub. I've had all of my pay stubs printed off for me, after I logged into the computer in the break room and spoke to my manager about getting hard copies.


What is goodwill under financial accounting?

goodwill is the continuous buisness that a company gets from its customers/client. A business wishing to take over another business will depend on retaining all existing customers and are willing to pay "good Will" to the company they are buying out for their number of contstant customers


What is the meaning of Goodwill in Accounting language?

GOODWILL is that intangible possession which enables a business to continue to earn a profit that is in excess of the normal or basic rate of profit earned by other businesses of similar type. The goodwill of a business may be due to a particularly favorable location, its reputation in the community, or the quality of its employer and employees. The evidence that goodwill exists is the proven ability to earn excess profits. Goodwill is created on the books of a newly purchased company to the extent that the purchase price of the company is greater than the value of its net tangible assets. There are a number of methods for valuing goodwill: a. Simple Capitalization - The net profit of the business is capitalized to determine the total value of the business. The value of all the tangible assets is subtracted from the total value to establish the value of the intangible assets, or goodwill. b. Excess Earnings - the amount of earnings that are in excess of those normally earned by a similar business are capitalized to determine the value of goodwill. c. Income Tax Method - The past five years net income is averaged and a reasonable expected rate of return for tangible assets and salary requirements are subtracted. The resulting value is then capitalized to arrive at the goodwill value. d. Market Value - The price a willing seller would accept and a willing buyer would pay for goodwill. e. Buy /Sell Agreement - The value of goodwill is established by a formula in the buy/ sell agreement. f. Rule of Thumb - Goodwill is worth one years gross income.


What happens if a payee can never get an account holder to pay a returned check?

all you can do is give the cheque to the bank on which it is drawn, then ask the clerk to put it up for collection, so that in case the money is ever in the account the bank will credit you.

Related questions

What are the problems of goodwill?

There are no problems with goodwill all you do is donate stuff.


Does goodwill sell diesel jeans?

It all depends on the Goodwill in your area's stock. Goodwill is a donation store, so can't tell you what they will have. The best way to find the answer to your question is by either calling your local Goodwill and asking them to check for that brand jeans, or just going in and looking.


What happens to the all the money collected on a house if sold in a foreclosure sale?

The mortgage company gets the money.


Why do campaigns make a difference?

because all wants to differant goodwill


What happens if you use all of you money in LeafGreen version?

you battle trainers to get more


What types of items are auctioned off on the site for Goodwill?

All types of items are auctioned off on the site for Goodwill. The items for the auctions come from the donations that are made by the public. Anything that you have ever given to Goodwill would possibly be a candidate for being auctioned on their site.


Which novel has the phrase-peace on earth and goodwill to all men?

It's from the Bible.


The average home in the US generates how many pounds of hazardous waste annually?

The average household generates no Hazardous waste at all . . .


What happens when you visit all seven days for i love my webkinz?

You get an ite money, and entered in a drawing.


What happens if all hostages are killed?

Then it is a Deathmatch and whoever KILLED the hostages will lose heaps of money.


In Pandanda what happens if you sell your pet Dragon do you get money or nothing?

all it does it takes it away it is simple


What are the release dates for Upstairs Downstairs - 1971 Goodwill to All Men 3-9?

Upstairs Downstairs - 1971 Goodwill to All Men 3-9 was released on: UK: 22 December 1973 USA: 29 December 1974