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Would like to compare correct answers to this problem set with those I've computed. Thanks. Problem 14-11 SOLUTION PART A. CODE 4 CHANGE Statements of
Would like to compare correct answers to this problem set with those I've computed. Thanks.
Problem 14-11 SOLUTION PART A. CODE 4 CHANGE Statements of Financial Position Common Size Ratios December 30, 2017 % $ ASSETS CASH AND CASH EQUIVALENTS INTEREST AND DIVIDENDS RECEIVABLE CAMPAIGNS' PLEDGES RECEIVABLE PREPAID EXPENSES AND OTHER INVESTMENTS TOTAL 1,909,606 61,244 373,788 16,244 10,944,924 0.00% 13,305,806 LIABILITIES AND NET ASSETS LIABILITIES: Accounts payable DAV Accounts payable other Annuity payment liability Total liabilities 201,721 910 3,857,262 4,059,893 UNRESTRICTED NET ASSETS 9,245,913 TOTAL LIABLITIES and NET ASSETS December 30, 2016 % 0.00% 13,305,806 0.00% 0.00% NOTE: the denominator needs to be the same for all numbers; in this case, total assets Interpretation: December 30, 2016 $ 1,044,193 52,582 358,632 25,367 9,653,039 11,133,813 171,550 1,017 3,679,148 3,851,715 7,282,098 11,133,813 PART A continued CODE 4 CHANGE Statements ofActivities Common Size Ratios December 30, 2017 % $ SUPPORT AND REVENUE: Contributions Contributions of charitable gift annuities Bequests Investment income net December 30, 2016 % $ 4,771,172 241,245 2,654,400 178,626 2,178,924 766,580 32,436,803 384,670 Total support and revenue 0.00% 7,957,921 0.00% 35,654,499 EXPENSES: Program services Management and general Fundraising 6,053,675 85,933 179,277 34,754,236 75,499 168,316 Total expenses 6,318,885 34,998,051 CHANGE IN NET ASSETS BEFORE CHANGE IN UNREALIZED APPRECIATION OF INVESTMENTS 1,639,036 656,448 324,779 428,159 CHANGE IN NET ASSETS 1,963,815 1,084,607 NET ASSETS Beginning of year 7,282,098 6,197,491 NET ASSETS End of year 9,245,913 7,282,098 CHANGE IN UNREALIZED APPRECIATION OF INVESTMENTS NOTE: the denominator needs to be the same for all numbers; in this case, total support and revenue Interpretation: and revenue 2017 Part B Current Ratio Part C Days Cash on Hand Part D Debt to Equity Part E Total Margin Part F Program Services Overall Interpretation: 2016 InterpretationStep by Step Solution
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