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.
Answer: $48.26 billion
Explanation:
Mackenzie Bezos holdings will be the percentage of the shares she owns times the total Market Capitalization of Amazon.
Total Market Cap = $1,215.5 B
Mackenzie owns 3.97% of Amazon.
= 1,215.5 * 3.97%
= $48.26 billion
Answer:
The answer is: In order for the company to break even on all the $88,000 policies in that area it must charge $528 per yearly policy.
Explanation:
In order to calculate what premium the insurance company should charge in order to break even, we must know how much money the company will have to pay during the year.
Fire insurance policy of $88,000
<u>Possible losses Probability Money paid by company </u>
total loss 0.001 $88,000
50% loss 0.01 $44,000
The company will have to pay $88 ($88,000 x 0.001) for a total loss and $440 ($44,000 x 0.01) for a 50% loss, we add them up and get $528.
In order for the company to break even on all the $88,000 policies in that area it must charge $528 per yearly policy.
In this case, the $6,000 refers to your sales. If expenses and returns were deducted it will be your net sales. Sales refers to the activity of selling an amount of goods or services to consumers who enter your storefront. The goal is to make sure your sales are greater than all of our expenses to make sure you are turning a profit each month.
Answer:
The correct answer is letter "D": Revenue and expense accounts reflect year-to-date amounts throughout the year.
Explanation:
Most firms close their accounts by the end of the year because of accounting reporting purposes. It does not imply throughout the year the firm will not be able to make reports of their performance. They actually can but closing the account relevant for the report requested. <em>By closing the accounts only by the end of the year, the revenue and expense accounts will show annual calculations in the upcoming period books.</em>
