Answer:
Relevance and cost effectiveness
Explanation:
Full disclosure principle means that a business should report all the relevant and necessary information regarding their financial statement to the people who are accustomed to reading it as not disclosing full information might affect the readers understanding.
It prevents any lack of information from the business's financial information and helps to ensure that creditors, stakeholders and investors are aware of all the relevant information while making key decisions that affect the company.
Not disclosing all the information could manipulate the companies financial statement and it may look stronger that it really is.
The company has declared a 100% stock dividend on its common stock will not be considered while calculating the earnings per common shares should be.
Earnings per share = Net Income / Number of equity shares.
where Net Income = $1,520,000
Common equity shares = 300,000
Earnings per share = $1,520,000 / 300,000
Earnings per share = $5.07
Therefore, earnings per common share for year 2015 for Rice Corporation is $5.07
Answer:
According to the article, the following statements is classified under the following headings:
<u>Good News:</u>
a. Fisheries may be able to feed more people than previously thought.
b. Policy made using FAO data could be poorly made because FAO data does not match reality.
f. When catches peaked, fisheries were actually much more productive than previously thought
<u>Bad News:</u>
c. Severe declines in catches since the 1990's may be due to unsustainable fishing.
d. Sustainable food production may be more at risk than scientists thought due to the fishing industry catching far more fish than previously believed
e. Declines in catches have been even greater than FAO data suggests.
Explanation:
Answer: The equilibrium price is $68, Quantity 32 million barrel, The quantity to import is 53 million barrel
Explanation:
Given that D = -2 + (1/2)P, S = 15 - (1/4)P
At equilibrium Qd = Qs
-2 + (1/2)P = 15 - (1/4)P
Change 1/2 P and 1/4 P to decimal we have 0.5, and 0.25 respectively
Collect like terms
-2 -15 = 0.25P - 0.5P
17 = 0.25P
Divide both sides by P
17/0.25 = 0.25P /0.25
68 = P
P = 68
Substitute the value of P into equation 1 and 2 determine the value of Q
-2 + 0.5 (68)
-2 + 34
= 32
15 - 0.25 (68)
15 + 17
= 32
To determine the quantity to import when world price is $11.00 per barrel ,substitute the value into equation 1
-2 + 0.5 (11)
-2 + 55
= 53
Therefore quantity to import is 53 millions barrel
Answer:
More than what is required.
Explanation:
When the CEO asked for the sales figures, she would have wanted just the monetary value of the sales made in that period. Instead the sales manager sent the list of products sent in the previous period. This will include detailed breakdown of the number of each product sold along with the amounts at which they were sold.
In this case the sales manager sent more information than was requested by the CEO.
