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Dmitriy789 [7]
3 years ago
11

For each of the users of accounting​ information, identify whether the user is an external decision maker​ (E) or an internal de

cision maker​ (I):
a. customer
b. pany manager
c. Internal Revenue Service
d. lender
e. investor
f. controller
g. cost accountant
h. SEC
Business
1 answer:
REY [17]3 years ago
3 0

Answer:

Four of the concepts are external decision makers and the other four are internal decision makers.

Explanation:

a. customer E

b. pany manager I

c. Internal Revenue Service I

d. lender E

e. investor E

f. controller I

g. cost accountant I

h. SEC E

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Agee Storage issued 33 million shares of its $1 par common stock at $21 per share several years ago. Last year, for the first ti
Tpy6a [65]

Answer:

$23 million

Explanation:

Calculation to determine at what amount will Agee’s total paid-in capital decline

First step is to calculate the Cash paid for the first repurchase

Cash paid for the first repurchase = 1 million * 19

Cash paid for the first repurchase = $19 million

Second step is to calculate the Value of first purchase

Value of first purchase = 1 million * 21

Value of first purchase = $21 million

Third step is to calculate the Benefit on first repurchase

Benefit on first repurchase = 21 million - 19 million

Benefit on first repurchase = $2 million

Fourth step is to calculate Cash paid for second repurchase

Cash paid for second repurchase = 1 million * 24

Cash paid for second repurchase = $24 million

Fifth step is to calculate the Value of second purchase = Reacquired shares * Common stock price

Value of second purchase = 1 million * 21

Value of second purchase = $21 million

Last step is to calculate the Decline in total paid-in capital using this formula

Decline in total paid-in capital= Benefit on first repurchase + Value of second purchase

Decline in total paid-in capital = 2 million + 21 million

Decline in total paid-in capital = $23 million

Therefore what amount will Agee’s total paid-in capital decline is $23 million

8 0
2 years ago
For the current year, Klay Corporation reports the following information:
DerKrebs [107]

Answer:

The company’s cash flows from operating activities was a cash inflow of $5,000

Explanation:

Cash at the end of the year = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities + Net cash inflows from operating activities

Therefore,

Net cash inflows from operating activities = Cash at the beginning of the year + Net cash inflows from investing activities + Net cash inflows from financing activities - Cash at the end of the year = $340,000 + $40,000 + $45,000 - $420,000 = $5,000 >0

The company’s cash flows from operating activities was a cash inflow of $5,000

7 0
2 years ago
Read 2 more answers
Although the discount stores in Goreville central shopping district are expected to close within five years as a result of compe
rosijanka [135]

Answer: <em>Option (B) is correct.</em>

Explanation:

If true, the following will most seriously weakens the argument: There has been an increasing rate in store opening in the central shopping district (CSD) since Colson's have opened discount stores.

Since after Colson's opened, the locations which were vacant became stores in particular discount store which did not spar with Colson's. Now that we have a discount store & department store without discount. Therefore when these stores close while competing with SpendLess, they wont be replaced with regular non-discount stores .

8 0
3 years ago
James Corporation owns 80 percent of Carl Corporation's common stock. During October, Carl sold merchandise to James for $307,00
Arturiano [62]

Answer:

$69,075

Explanation:

James Corporation

Merchandise remaining in James’s inventory:

$307,000 × 50% = $153,500

Intra-entity gross profit:

$153,500 × 45% = $69,075.

James’s ownership percentage of Carl will have no impact on this computation.

Therefore the amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is $69,075

7 0
3 years ago
For the scenario below, determine the legality of the company's actions.
IgorLugansk [536]

Answer:

Option C because it is impossible to determine the legality based on the facts given.

Explanation:

5 0
3 years ago
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