Your organization just completed the annual Golf Tournament on Friday, September 11, 2020. Your accountanthas completed all deposits and paid the venues. The bank has verified all deposits and you are now ready toconfirm your ROI. The Board of Directors has requested that the fundraiser produces an ROI of $8.50 for everydollar spent on fundraising. Your account reports you raised $87,000.00 with expenses of $17,000.00.1.) Provide the ROI formula.2.) Identify the ROI from the scenario listed. Did you make your goal? What would you do differently?3.) You are to calculate the return on investment (ROI), discussed on pages 39 and 40 in your textbook,Nonprofit Fundraising Solutions. The identifies the ROI as an analysis of the time and financial resourcesconsumed by fundraising in order to identify how well you met your fundraising goal.**EBOOK: The Nonprofit Fundraising Solution: Powerful Revenue Strategies to Take You to the Next LevelTitle: The Nonprofit Fundraising Solution: Powerful Revenue Strategies to Take You to the Next LevelContributor(s): Laurence A. Pagnoni | Michael4.)The text explains ROI by saying specifically “We have raised ………………” Please write out the ROIstatement to reflect the scenario listed above.
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