Acitizen group raised funds to establish an endowment for the eastville city library. under the terms of the trust agreement, the principal must be maintained, but the earnings of the fund are to be used to purchase database and periodical subscriptions for the library. a preclosing trial balance of the library permanent fund follows: trial balance—december 31, 2017 debits credits cash $ 9,000 investments 520,000 additions to permanent endowments $ 511,500 investment income 49,500 expenditures—subscriptions 40,500 intergovernmental grant net increase in fair value of investments 8,500 accrued interest receivable 2,250 accounts payable 2,250 $ 571,750 $ 571,750 required: a. prepare any closing entries necessary at year-end. b. prepare a statement of revenues, expenditures, and changes in fund balance for the library permanent fund. c. prepare a balance sheet for the library permanent fund (use assigned to library for any spendable fund balance).

Explain how can you avoid conflict by adjusting

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?

Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625