Reference no: EM13343237
Investment losses need not impair the principal of not-for-pro?ts' endowment funds. In 2014, the Rubin Center for the Arts received a $2 million endowment, the income of which was to be used to support local artists. The center invested the proceeds in securities. In 2014, owing to interest, dividends, and changes in market prices, the value of the endowment increased by $120,000. Of this amount, the center spent $80,000 on programs that were consistent with the endowment's restrictions. In 2015, owing to a market downturn, the portfolio incurred net losses of $60,000.
In 2016, it had net gains of $70,000. In neither 2015 nor 2016 did the center use any endowment resources to support its programs. In the absence of donor specifications and applicable statutes, what would be the balances, at the end of 2014, 2015, and 2016, in the center's (1) permanently restricted endowment fund and (2) related temporarily restricted fund? Also indicate any impact on unrestricted funds.
|
Prepare journal entries to record the events
: Prepare journal entries to record the events and transactions that took place during the year - the college directed an additional $75,000 of donor contributions to the loan fund.
|
|
Prepare a schedule for each of the three years
: how much of the loss did you assign to the permanently restricted assets, and how much to the temporarily restricted assets? How can you justify this division of the loss?
|
|
Determine the radius of the wire
: A steel (Young's modulus 2.0 x 1011 N/m2) wire is strung between two supports attached to a ceiling. What is the radius of the wire
|
|
What is the initial temperature of the copper
: A hot piece of copper (cc = 386J/kg·K) of mass mc = 3kg and unknown initial temperature Tc is dropped into a container of water (cw = 4186 J/kg · K) of mass mw = 1 kg, What is the initial temperature Tc of the copper
|
|
What would be the balances at the end of 2014
: What would be the balances, at the end of 2014, 2015, and 2016, in the center's (1) permanently restricted endowment fund and (2) related temporarily restricted fund? Also indicate any impact on unrestricted funds.
|
|
What is the value of the youngs modulus for the metal
: A metal wire 1.3mm in diameter and 1.8m long hangs vertically with a 5.4-kg object suspended from it. what is the value of the Young's modulus for the metal
|
|
By how much has the volume decreased in liters
: A husband buys a helium-filled anniversary balloon for his wife. The balloon has a volume of 4.3L in the warm store at 76?F. By how much has the volume decreased in liters
|
|
Statement of financial position and statement of activities
: show how these transactions would be reflected on the NBA's financial statements, prepare a December 31, 2013, statement of financial position and statement of activities.
|
|
How much overhead cost would be assigned to product f76d
: Last year, Product F76D involved 4 customer orders, 459 assembly hours, and 21 batches. How much overhead cost would be assigned to Product F76D using the activity-based costing system?
|