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14_10 Solution

# 14_10 Solution - Problem 14-10 SOLUTION PART A DAV...

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Problem 14-10 SOLUTION PART A. DAV Statements of Financial Position Common Size Ratios December 30, 2007 December 30, 2006 % \$ % \$ ASSETS CASH AND CASH EQUIVALENTS 14.35% 1,909,606 9.38% 1,044,193 INTEREST AND DIVIDENDS RECEIVABLE 0.46% 61,244 0.47% 52,582 CAMPAIGNS’ PLEDGES RECEIVABLE 2.81% 373,788 3.22% 358,632 PREPAID EXPENSES AND OTHER 0.12% 16,244 0.23% 25,367 INVESTMENTS 82.26% 10,944,924 86.70% 9,653,039 TOTAL 100.00% 13,305,806 100.00% 11,133,813 LIABILITIES AND NET ASSETS LIABILITIES: Accounts payable — DAV 1.52% 201,721 1.54% 171,550 Accounts payable — other 0.01% 910 0.01% 1,017 Annuity payment liability 28.99% 3,857,262 33.04% 3,679,148 Total liabilities 30.51% 4,059,893 34.59% 3,851,715 UNRESTRICTED NET ASSETS 69.49% 9,245,913 65.41% 7,282,098 TOTAL 100.00% 13,305,806 100.00% 11,133,813

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PART A continued DAV Statements ofActivities Common Size Ratios December 30, 2007 December 30, 2006 % \$ % \$ SUPPORT AND REVENUE: Contributions 59.96% 4,771,172 7.44% 2,654,400
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14_10 Solution - Problem 14-10 SOLUTION PART A DAV...

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