What are the three main decision-making types discussed in the article? (Site 1)

Identify the following questions as most likely to be asked by an internal or an external user of accounting information

shtirl [24]

Answer:

The answer is:

1. - Internal user of accounting information(management)

2. External user of accounting information(banks)

3. Internal user of accounting information(management)

4. External user of accounting information(potential investors)

5. Internal user of accounting information(management)

6. External user of accounting information

7. Internal user of accounting information(management)

Explanation:

Internal users of accounting information are people within a organization who use the accounting information for decision making. Examples of are the management and employees. External users are people that are not within the organization. Examples are government, the public, banks, potential investors etc

1. - Internal user of accounting information(management)

2. External user of accounting information(banks)

3. Internal user of accounting information(management)

4. External user of accounting information(potential investors)

5. Internal user of accounting information(management)

6. External user of accounting information

7. Internal user of accounting information(management)

5 0

3 years ago

Q2. The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls th

aivan3 [116]

My advice to the owners of ABC Company concerning internal controls affecting the office manager would be as follows:

It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.

Secondly, after implementing the promotion and segregation of duties, management should implement a compulsory annual leave policy. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.

Thus, if the owners of ABC Company would buy these pieces of advice, they would improve internal controls without offending the hardworking former office manager.

Learn more: brainly.com/question/17056417

7 0

2 years ago

Cold Goose Metal Works Inc. just reported earnings after tax (also called net income) of $8,000,000 and a current stock price of

Harrizon [31]

Answer:

$14.49

Explanation:

Present P/E ratio = Current stock price/(Net income/Shares outstanding)

Present P/E ratio = 14.75/($8,000,000/5,500,000 shares)

Present P/E ratio = 10.1406

EPS after 1 year = 8000000*125%/ 7000000

EPS after 1 year = 1.4286

Stock price = EPS after 1 year * Present P/E ratio

Stock price= 1.4286* 10.1406

Stock price = $14.49

8 0

2 years ago

Your broker is selling you an investment scheme in which you will receive $5,000 four years from now, $6,000 five years from now

kvasek [131]

Answer:

IRR = 3.64%

Explanation:

using a financial calculator or excel spreadsheet we can determine the IRR of this investment:

year 0 = -$15,000

year 1 = $0

year 2 = $0

year 3 = $0

year 4 = $5,000

year 5 = $6,000

year 6 = $7,000

IRR = 3.64%

Since your required rate of return is 12%, you should pay a maximum of $10,128.57

6 0

2 years ago

Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4

Maurinko [17]

Answer:

B. Debit Notes Receivable $4,000; credit Sales $4,000

Explanation:

Notice we are asked for hthe entry in the supplier's book:

The supplier will take the note thus, it will ahve a note receivable as in the future it expect to receive a cashflow.

The interest will be accrued over time, so are ignored for the moment

The supplier also has to recognize the amount of sales revenue earned with the sale.

4 0

3 years ago