It's an example of an advocacy mission statement. An advocacy is where a person or a group of people are working for a certain cause or certain goal that would help benefit many. Often advocacy groups promote awareness about the environment, healthful living, and generally a world of positive co-existence.
Answer: d. Understate, understate, understate
Explanation:
If using fair value, the effects of net earnings and dividends would not be accounted for. With the equity method however, this would have done leading to the investment account, net income, and retained earnings being understated if using fair value as opposed to equity.
The Equity method would have sent 35% of the net earnings to the investment account which would have increased it. 35% of the Cosby dividends would have been sent to the net income which would have increased it as well and when net income increases, so does retained earnings.
Answer: Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).
Explanation:
Answer:
Answers are stated below
Explanation:
a. According to the information of the exercise:
Profit = shares * undervalued value - Shares * Overvalued
Profit = 1,000($12.25) – 1,000($5.50) = $6,750
b. Expected profit = 500($12.25) – 1,000($5.50) = $625
c. Winner’s curse