Accounting

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Assignment 5 – Due Before Week 7 Class Begins

1 Page, single-spaced, no title page, word document (not PDF)

Save the file as “name, student ID, Assignment 5”

Listen to any 3 of 6 podcasts and provide a review of how the pandemic is impacting our industry from a liquidity and solvency standpoint. Discuss how a company must manage the balance sheet to survive during the pandemic, across all sectors, not limited to the ones below. Highlight the concepts of Liquidity and Solvency Ratios as discussed in class.

Carnival Cruise Lines

1. https://radiopublic.com/marketfoolery-6njzM6/s1!1d6d9

Listen from minutes 13 to 18 to learn more about Carnival Cruise Lines raising money through debt financing.

2. https://radiopublic.com/marketfoolery-6njzM6/s1!c51da

Listen from minutes 5 to 7 to learn more about Carnival Cruise Lines raising money through equity financing.

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Carnival Cruise Lines - Continued

3. https://radiopublic.com/marketfoolery-6njzM6/s1!42c8c

Listen from minutes 8 to 15 to learn more about how Carnival Cruise Lines is trying to keep afloat.

Hotels

Listen to the first 7 minutes to learn more about what Marriott International is doing to manage its balance sheet.

1. https://radiopublic.com/marketfoolery-6njzM6/s1!3ba8d

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Airlines

1. https://radiopublic.com/marketfoolery-6njzM6/s1!0c22e

Listen from minutes 5 to 8 to learn more about how the airline industry is improving its liquidity to cover its short-term obligations.

2. https://radiopublic.com/marketfoolery-6njzM6/s1!7e856

Listen to the first 9 minutes to learn more about the long-term solvency implications for the airline industry.