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n200080 [17]
3 years ago
5

According to the Full Disclosure Principle, all thins that can materially affect the financial status of the firm must be disclo

sed somewhere in the financial statements.
True / False.
Business
1 answer:
Olenka [21]3 years ago
8 0

Answer: True

Explanation: The full disclosure principal states that any material information, that can affect the judgement of a rational investor or other stakeholder, must be stated in the financial statement.

These disclosures can be made on press releases, supplementary reports and other such communications etc.

Hence, from the above we can conclude that the given statement is true.

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Digicon Inc. is a firm with mindshare in the category of digital cameras. With reference to this information, which of the follo
kherson [118]

Answer:

d.The digital cameras manufactured by the firm are seen as the standard for competitors to match.

Explanation:

Mindshare is a term that measures the amount of popularity and consumer awareness in a certain category. To say that Digicon Inc. has a mindshare in the category of digital cameras means that the company sets the bar for the digital cameras market and, therefore, should be seen as the standard that competitors should try to match.

Thus, the answer choice that better fits the description is d.The digital cameras manufactured by the firm are seen as the standard for competitors to match.

3 0
3 years ago
Why would someone choose to own a car instead of leasing?
CaHeK987 [17]
They will save more and plus it will be there car property
7 0
3 years ago
represents the total change in aggregate demand. If government purchases increased by​ $50 billion, then the distance from point
MariettaO [177]

Answer:

The shift from AD1 to AD2 represents the total change in aggregate demand. If government purchases increased by​ $50 billion, then the distance from point A to point B​ would be greater than $50 billion.

Explanation:

Basically, aggregate demand can suffer two types of movements: displacements or changes in the slope. We are assuming a straight slope, but we could well analyze the case of an aggregate demand that is not straight.

DISPLACEMENTS

They are produced by changes in autonomous consumption.  Changes in autonomous consumption may be due to changes in:

- Income distribution

- Access to credit

- Expectations

- Population changes

- Changes in relative prices between goods that belong to autonomous consumption (some foods) and goods that do not belong to autonomous consumption

CHANGES IN THE PENDING

They are produced by changes in the marginal rate to be consumed.  Changes in the marginal rate to be consumed may occur due to:

- Changes in the utility function: they can change the preference for savings.

- Changes in income distribution

- Changes in the interest rate

7 0
3 years ago
Read 2 more answers
A 20-year-old student wants to save $5 a day for her retirement. Every day she places $5 in a drawer. At the end of each year, s
ollegr [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

At the end of each year, she invests the accumulated savings ($1,825) in a brokerage account with an expected annual return of 8%. She will invest for 45 years.

A) We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1825[(1.08^45)-1]}/0.08= $705,372.75

B) n= 25

FV= {1825[(1.08^25)-1]}/0.08= $133,418.34

C) FV= 705,372.75     A=?

We need to isolate A:

A= (FV*i)/{[(1+i)^n]-1}

A=(705,372.75*0.08)/[(1.08^25)-1]

A= $9,648.64

7 0
3 years ago
On November 1, 2015, Elli Company declared a dividend of $3.00 per share. Elli Company has 20,000 shares of common stock outstan
Artemon [7]

Answer:

Option (b) is correct.

Explanation:

The Journal entries are as follows:

(i) On November 1, 2015

Retained Earnings [$3 × 20,000] A/c    Dr. $60,000

To Dividend Payable                                                   $60,000

(To record the declaration of dividend)

(ii) On November 30, 2015

Dividend Payable  A/c     Dr. $60,000

To cash A/c                                             $60,000

(To record the payment of dividend)

3 0
3 years ago
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