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tester [92]
3 years ago
5

EA3.

Business
1 answer:
soldier1979 [14.2K]3 years ago
4 0

Answer:

Internal users of accounting information- Management

Employees

External users of accounting information- Investors

Creditors

Customers

Tax authorities

Explanation:

Internal users of accounting information are individuals within an organisation who make use of accounting information.

External users of accounting information are individuals outside an organisation that make use of accounting information. They are the people not employed by the organisation that make use of accounting information.

I hope my answer helps you

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Suppose all of the major computer manufacturers announced that beginning next month there would be major price reductions on the
Nesterboy [21]

Answer:

The correct answer is "decrease".

Explanation:

This would cause the current demand for computers to decrease because consumer expectations would be displaced in the long run by waiting for computer prices to decrease before going to buy them. This behavior is due to the advance announcement of the manufacturers.

Have a nice day!

3 0
2 years ago
Morgan Pharmaceutical spends $50,000 this year in research and development for a new drug to cure liver damage. By the end of th
kenny6666 [7]

Answer:

The impact of spending $50,000 on the research and development for a new drug to to cure liver damage will increase the expenses of the Morgan Pharmaceutical in the years financial statements.

Explanation:

Morgan pharmaceutical is pending $50,000 on he research and development of new drug which can cure the liver damage, from this spending company is expecting that after they have successfully created new drug it will lead to the increase in sales , which will ultimately lead to increase in profits , which then would totally recover the initial cost incurred on research and development but until then these expenses would be shown in the current years financial statement as expenses, and thus would increase the total expenses of the company.

3 0
3 years ago
Information necessary to prepare the year-end adjusting entries appears below. a. Depreciation on the machines for the year is $
lilavasa [31]

Answer:

Jaguar

Adjusting Journal Entries:

General Journal

Date Description                                     Debit       Credit

a.   Depreciation Expense-Equipment $9,900

     Accumulated Depreciation-Equipment         $9,900

To record depreciation expense for the year.

b.   Wages & Salaries Expense           $3,900

     Wages & Salaries Payable                             $,3900

To record unpaid salaries.

c.   Interest on Notes Expense         $1,380

    Interest on Notes Payable                             $1,380

To accrue interest on notes for 4 months to December 31.

d.  Insurance Expense                     $19,500

    Prepaid Insurance                                         $19,500

To accrue insurance expense for 10 months

e.  Supplies Expense                      $

    Supplies                                                        $

To record supplies expense for the year (difference between Supplies balance and Supplies remaining at the end ($4,900).

f.  Utilities Expense                        $2,150

   Utilities Payable                                           $2,150

To record utilities expense for the month.

Explanation:

Adjusting journal entries are prepared at the end of an accounting period.  They adjust the expense and revenue accounts in line with the accrual concept and the matching principle of generally accepted accounting principles.

The adjusting entries are for unpaid expenses, unreceived earned revenue, prepaid expenses, deferred revenue, and depreciation expenses, and correction of errors in posting transactions to the general ledger.

7 0
3 years ago
Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.
coldgirl [10]

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Flying Car

Cash flow in year 0 = -$200,000

Cash flow in year 1 = 50,000

Cash flow in year 2 = 50,000

Cash flow in year 3 =80,000

Cash flow in year 4 =100,000

IRR = 13%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

7 0
3 years ago
Valerie bought 200 shares of Able stock today. Able stock has been trading for some time on the NYSE. Valerie's purchase occurre
8_murik_8 [283]

Answer:

The correct answer is letter "C": Secondary market.

Explanation:

A secondary market relates to all equity transactions that occur after the initial offer. It can also refer to the exchanges where these transactions occur. The New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation (NASDAQ) are examples of secondary market exchanges.

5 0
3 years ago
Read 2 more answers
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