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2 years ago

Which type of accounting information is intended to satisfy the needs of external users of accounting information

1 answer:

3 0

The type of accounting information intended to satisfy the needs of external users of accounting information is the Financial accounting.

<h3>Financial accounting</h3>

Financial accounting is the field of accounting concerned with the summary, and reporting of transactions related to a business.

In comparison with other fields, Managerial accounting includes accounting of cost, and intended for the use of internal users of the business.

Tax accounting is specifically intended for tax.

Therefore, it is financial accounting that is intended to satisfy needs of external users in a business.

Read more about<em> accounting</em> here:

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Racing Horse Corporation reported net income for 2010 of $200,000, sales of $540,000, expenses (excluding depreciation) of $180,

shtirl [24]

Answer:

Estimated change in cash = $220,000

Explanation:

GIven:

Net income = $200,000

Sales = $540,000

Expenses = $180,000

Depreciation expenses = $60,000

Accounts receivable balance increased = $40,000

Find:

Estimated change in cash

Computation:

Estimated change in cash = Net income + Depreciation expense - Accounts receivable balance increased

Estimated change in cash = 200,000 + 60,000 - 40,000

Estimated change in cash = $220,000

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3 years ago

Oberon, Inc., has a $15 million (face value) 10-year bond issue selling for 99 percent of par that pays an annual coupon of 8.35

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Answer:

The before-tax component cost of debt is 8.489%.

Explanation:

We apply the formula for yield to maturity (YTM) to solve this problem.

YTM = [C + (F-P)/n] / [(F+P)/2] where

C = Coupon payment

F = Face value of bond

P = Present value of bond (or current selling price)

n = Years to maturity

The given values are:

F = $15,000,000

P = 0.99 x $15,000,000 = $14,850,000

C = 0.0835 x $15,000,000 = $1,252,000

n = 10

Applying these values in the above formula,

YTM = [1,252,000 + (15,000,000 - 14,850,000)/10]

/ [(15,000,000 + 14,850,000)/2]

YTM = 1,267,000 / 14,925,000

YTM = 0.08489

YTM = 8.489%

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3 years ago

Read 2 more answers

Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has

Ne4ueva [31]

Answer:

D) has sunk costs of $6,000

Explanation:

Sunk cost is a cost which does not effect the financial decision, as this cost has already been incurred, and now it cannot be revoked.

Here maintenance cost is a regular expense which has to be incurred, and its not the cost which has already been incurred, same applies for operating cost.

Two years ago firm had spent $6,000 upgrading the equipment which was incurred earlier and now that cost cannot be revoked, further it will not lay any impact on any of the decisions made by the financial management.

Further amount to be spend of $5,000 has yet to be incurred and the decision to incur such cost can also be avoided, therefore it is not a sunk cost.

In this scenario D) has sunk sunk cost of $6,000

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3 years ago

Read the passage from an academic paper on government.

mariarad [96]

Answer:

the answer is C i just to the test

Explanation:

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3 years ago

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Rudiy27

Ummm well it depending on the person who is forcing you to sign it or making you do it like for example like the tease you saying that if you sign it i will give you 1million dollars but after that you want your money back etc. and they said its too late cause you all already sign it and then you gonna go to court or the police or a lawyer for that.

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3 years ago