Q8-1 The purpose of Debt Service Funds is “to account for and report resources that are restricted‚ committed‚ or assigned to expenditure for principal and interest on general long-term liabilities”. Only general government long-term liabilities that are recorded in the General Long-Term Liabilities are serviced through Debt Service Funds. GAAP requires that a Debt Service Fund be used to account for debt service on general long-term liabilities only if (1)Use of Debt Service Fund is legally
Premium Bond Finance Bonds
Serious or Humorous? Uncovering The Way To Wealth’s Message Benjamin Franklin wrote The Way to Wealth because he was frustrated that people were evading taxes‚ especially because these taxes helped the people and the city. He explained that the real issue was not the government’s taxes. He declared that the lack of virtue taxed people much more. Throughout the rest of the book‚ he conveyed that morality and public service were most important‚ and that one can avoid poverty through hard work and frugality
Premium Benjamin Franklin Virtue
CHAPTER 14: DISTRIBUTIONS TO SHAREHOLDERS: DIVIDENDS AND SHARE REPURCHASES 1. The optimal distribution policy strikes that balance between current dividends and capital gains that maximizes the firm’s stock price. a. True b. False ANSWER: True 2. Other things held constant‚ the higher a firm’s target payout ratio‚ the higher its expected growth rate should be. a. True b. False ANSWER: False RATIONALE: The higher the payout ratio‚ the less of its earnings the firm reinvests in the business
Premium Dividend Stock market Dividend yield
NBER WORKING PAPER SERIES DO SHAREHOLDERS OF ACQUIRING FIRMS GAIN FROM ACQUISITIONS? Sara B. Moeller Frederik P. Schlingemann René M. Stulz Working Paper 9523 http://www.nber.org/papers/w9523 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 2003 We are grateful to Harry DeAngelo and Ralph Walkling for useful comments. The views expressed herein are those of the author and not necessarily those of the National Bureau of Economic Research. ©2003 by Sara
Premium Cash flow Investment Stock market
business and is driving factories out of America. This results in job loss and the destruction of established business communities stunting the economic development of the retail sector. According to Smith’s “Inquiry into the Nature and Causes of the Wealth of the Nations” (1776)‚ free competition is the only regulator that allows the individual’s pursuit of self interest to be directed towards the total benefit of society (Invisible Hand Concept) and rules out vicious profiteers. To accomplish this
Premium Economics Capitalism Free market
that started from rock bottom‚ Andrew Carnegie altered and helped to construct how America is today. He was able to achieve this through his ownership of the Carnegie Steel Company‚ and his generosity that is described within his book‚ The Gospel Of Wealth‚ that discussed his views on how the wealthy had an obligation to give back to society. Carnegie’s philanthropy work was able to highlight his love for education by giving money for establishments of Libraries and foundations. Early life for Carnegie
Premium Andrew Carnegie
The triple bottom line (abbreviated as "TBL" or "3BL"‚ and also known as "people‚ planet‚ profit" or "the three pillars”) captures an expanded spectrum of values and criteria for measuring organizational (and societal) success: economic‚ ecological and socia"People‚ planet and profit" succinctly describes the triple bottom lines and the goal of sustainability. "People" refer to employees‚ shareholders‚ customers‚ suppliers‚ workers‚ team who pertains to fair and beneficial business practices toward
Premium Sustainability Triple bottom line
Mission Our mission is to enrich the community by changing the lives of others one heart at a time. We will accomplish this by teaching our residents to live an alcohol and drug free life while helping them develop their strengths through educational and vocational rehab. Implementing programs such as GED classes‚ money management skills and trade programs such as electrical‚ plumbing‚ HVAC courses and more will help us to accomplish this goal. Programs Offered Continued Education
Premium Posttraumatic stress disorder English-language films
Managing non-profit organisations: Towards a new approach Civil Society Working Paper 1 Helmut K. Anheier January 2000 Abstract This paper puts forth the thesis that the management of non-profit organisations is often ill understood because we proceed from the wrong assumptions about how these organisations operate. Based on this premise‚ this paper develops a model of the non-profit form as a conglomerate of multiple organisations with multiple bottom lines that demand a variety of
Premium Management Non-profit organization Voluntary association
Does shareholders ratification of auditor selection enhance auditor independence? Sear Amiri 894560 Accounting Supervisor : S.N.M. Van den Bogaerde -2012- Abstract: The U.S. Department of the Treasury ’s Advisory Committee on the Auditing Profession (ACAP) recommends that all public companies must have an annual shareholders ratification of external auditor selection. An important aim of their recommendation was to enhance auditor independence. However the ACAP did not provide
Premium Audit External auditor Bond