Reference no: EM131820151
Question - Investment losses need not impair the principal of not-for-profit's 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 restrictors. 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.
|
What is the annual operating cash flow
: Assume the firm uses straight line depreciation. The firm's marginal tax rate is 30%. What is the annual operating cash flow
|
|
Competition for new and existing licenses
: Many cities regulate the number of taxi licenses, and there is a great deal of competition for both new and existing licenses. Suppose that a city has decided
|
|
How much will net income change
: If Coleman buys the component from the outside supplier instead of making it, how much will net income change?
|
|
What is the maturity value of the bonds
: Analyzing, journalizing, and reporting bond transactions Billy's Hamburgers issued 4%, 10-year bonds payable at 75 on December 31, 2016.
|
|
What would be the balances in the center
: What would be the balances, at the end of 2014, 2015, and 2016, in the center's (1) permanently restricted endowment fund
|
|
Responsibility for a particular part of the project
: Four students must work together on a group project. They decide that each will take responsibility for a particular part of the project, as follows:
|
|
Behavior finance question-prediction market
: Behavior finance question/ prediction market-create a prediction market to predict which new beverage the company should market next summer.
|
|
Strategic management poems and strategic planning
: Strategic Planning and Strategic Management Paper - Recognize the difference between the strategic management poems and strategic planning
|
|
How much total bond interest expense will be recognized
: How much total bond interest expense will be recognized over the life of these bonds? (Omit the "tiny_mce_markerquot; sign in your response.)
|