What are the two schools of thought regarding the worldwide trend toward increased financial disclosure by publicly traded firms. Explain which school of thought you hold to and why
What will be an ideal response?
Answer: The student must give his/her own opinion and supporting background. In either case the following should be noted: Increased disclosure should decrease uncertainty thus increasing stock price. However, increased disclosure requirements result in increased costs in the form of initial preparation of financial statements, on-going costs associated with regular development of financial statements, and the costs of gathering and distributing information about the form on an on-going basis. As the authors state, disclosure is a two-edged sword.
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As of April 30, Hawk counts 8 units of merchandise inventory on hand. Compute ending merchandise inventory and cost of goods sold for Hawk using the FIFO inventory method.
The periodic inventory records of Hawk Dental Supply indicate the following for the month of April:
The size, color, and price of a product are all examples of product benefits.
Answer the following statement true (T) or false (F)
To soften the impact of the bad news, what type of information can be included in the message?
A) An apology B) A hidden benefit of the delay C) Reasons for the bad news D) A reminder of what has gone well so far E) Options or alternative choices
Most of a firm’s profits being generated by a relatively small group of customers is referred to as the?
a. 90/10 rule b. 80/20 rule c. 70/30 rule d. 50/50 rule