All categories

3 years ago

Who falls into the category of external stakeholders of an organization?

1 answer:

3 0

<span>These are group of individual who may not work in the organization but are very much influenced by the activities of organization. There are the people outside of the company who can have a major impact on it. Examples of stakeholders are government agencies, administrator, customers, suppliers and competitors too.</span>

You might be interested in

1. Prepare journal entries to record the following hypothetical 2006 events:a. A customer deposits $50,000 in WaMu savings accou

BARSIC [14]

Answer:

1. A. Dr Cash 50,000

Cr Customers Saving Account 50,000

B.Dr Interest Expense 125

Cr Cash 125

C. Dr Loan Receivables 50,000

Cr Cash 50,000

D. Dr Interest Receivables 750

Cr Interest Income 750

2. $625

Explanation:

Answer and Explanation:

1. Preparation of journal entries

a. In a situation where A customer made deposits of the amount of $50,000 in WaMu savings account on 1/1/2006 the Journal entry will be:

Dr Cash 50,000

Cr Customers Saving Account 50,000

(Being to record the deposit from customers)

b. In a situation where WaMu pays a 1% as annual interest on the deposit on 3/31/06 the journal entry will be:

Dr Interest Expense 125

(50,000*1%*3/12)

Cr Cash 125

(Being to record the payment of interest Expense)

c. In a situation where WaMu lends out the

amount of $50,000 to another customer the Journal entry will be:

Dr Loan Receivables 50,000

Cr Cash 50,000

(Being to record the receivable lent to customers)

d. In a situation where WaMu accrues interest on this date 3/31/06 the journal entry will be:

Dr Interest Receivables 750

(50,000*6%*3/12)

Cr Interest Income 750

(Being to record the interest accrued)

2. Calculation for How much net interest income (profit) did WaMu earn in the first quarter

First step is to calculate the Net Interest Rate

Interest Rate on Receivables 6%

Less Interest Rate on Payable 1%

Net Interest Rate 5%

Second Step will be to calculate the Annual Net Interest

Using this formula

Annual Net Interest=Principal *Net Interest Rate

Let plug in the formula

Annual Net Interest=50,000*5%

Annual Net Interest= 2,500

Last step is to calculate the first quarter net interest income

Using this formula

First quarter net interest income=Time*Annual Net Interest

Let plug in the formula

First quarter net interest income= 3/12*2,500

First quarter net interest income= $625

Therefore the First quarter net interest income will be $625

7 0

3 years ago

Alexa has a commercial laundry service that has been growing rapidly. She wants to continue to grow the business, but she needs

Contact [7]

Answer:

Incorporating

Explanation:

4 0

4 years ago

Which of the following is an example of a functional structure? Multiple Choice Fred owns a diner and has three employees. Borro

sweet [91]

Answer: At Mark’s Furniture, all the carpenters are in one group, and all the upholsterers are in another.

Explanation:

Functional structures refer to the grouping of company departments based on what the labor involved do for the company i.e. their functional expertise.

Mark's company is therefore using a functional structure because it groups its workforce by their functional expertise with carpenters in one group and upholsters in another.

Most companies follow this strategy which is why companies have departments such as accounting, human resources, marketing and production.

6 0

3 years ago

Match the items below to show the risks, benefits, and powers of stockholders. A. Risk of being a stockholder B. The benefit of

Aleksandr-060686 [28]

Question:

Match the items below to show the risks, benefits, and powers of stockholders.

A. Risk of being a stockholder

B. The benefit of being a stockholder C. Power of a stockholder

1. Stockholders aren't guaranteed a return on their investment.

2. Stockholders receive dividends when the company makes a profit

3. Stockholders can sell their shares in the company at any time

Answer:

A. Risk of being a stockholder : 1. Stockholders aren't guaranteed a return on their investment.

B. The benefit of being a stockholder: 2. Stockholders receive dividends when the company makes a profit

C. Power of a stockholder: 3. Stockholders can sell their shares in the company at any time

Explanation:

A stockholder is a person that can also be referred to as a shareholder in a company or a firm that is private or public.

Stockholder or shareholder is a person that owns by legal rights the stocks present in a company's shares.

Stockholders benefit from the companies that they have shares in when ever the dividends from the company's profit are made public by the company. They also have the right to vote about who sits on a company's board. Stockholders can sell their shares in a company anytime they want.

One of the risks associated with been a stockholder is that a return on your investment by the company you own shares in cannot be guaranteed.

5 0

4 years ago

Read 2 more answers

Selected accounts with some debits and credits omitted are presented as follows:Work in ProcessOct. 1 Balance 20,000 Oct. 31 Goo

forsale [732]

Answer:

The amount of factory overhead applied in October is $63,300.

Explanation:

Goods finished + Oct 31 work in progress = direct materials + direct labor + oct 1 balance + factory overhead

360,000 + 21,000 = 96,700 + 201,000 + 20,000 + Factory Overhead

381,000 = 317,700 + Factory overhead

Factory overhead = $63,300

Therefore, The amount of factory overhead applied in October is $63,300.

6 0

3 years ago