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Cloud [144]
4 years ago
5

Internal users of financial information: Multiple Choice Are not directly involved in operating a company. Are those individuals

involved in managing and operating the company. Include shareholders and lenders. Include directors and customers.
Business
1 answer:
Fudgin [204]4 years ago
3 0

Internal users of financial information Are those individuals involved in managing and operating the company.

Answer: Option (B) is correct.

Explanation:

Internal users are people inside the organization. Internal users of financial information are those who are directly involved in managing and operating the organization. They make use of the information to improve the efficiency and effectiveness of an organization.

Internal users consist of all managers like purchase managers, human resource managers, marketing managers, service managers, etc. it consists of employees and the owner of a concern. Internal users take various important decisions based on financial information.

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.List 4 things you must consider before choosing vegetable​
USPshnik [31]

Answer:

you should look at the texture of the vegetable and its color!

moreover, be concerned about when you will cook them, if you are gonna cook them next week, buy them next week and not today!

see if they are organic and if the producers have put on any chemicals!

moreover, look at the packaging and if it is up to the standards!

Explanation:

5 0
3 years ago
Determine the amount of depletion expense that would be recognized on the Year 1 income statement for each of the two reserves,
emmasim [6.3K]

Answer:

Kindly check the explanation section.

Explanation:

STEP ONE: calculate or Determine the depletion expense per unit. .

For oil reserves, the depletion expense = 1376000 - 0/ 257000 - 12000 = $5.76.

For timber, the depletion expense = 2080000 - 112000/ 1770000 = $1.11.

For silver mine, the depletion expense = 1840000 - 0/ 131000 = $14.05.

For Gold mine, the depletion expense = 3070000 - 0/63000 = $48.73.

STEP TWO : Determine or calculate the total depletion expense.

For the year 2018, the total depletion expense for; (a). silver mine= 14.05 × 14800 = $ 207,940.

(b). Timber = 1.11 × 51000 = $566100.

For 2019, the the total depletion expense for; (a). silver mine= 14.05 × 29000 = 407,450

(b). Timber = 1.11 × 370,000 = 410,700.

(c). Gold mine = 48.73 × 4200 = 204,666.

(d). Oil reserve = 5.76 × 83,000 = 478,080.

STEP THREE:

SILVER MINE: 1840000

- Accumulated depletion = ($ 407,450 + $ 207,940) = 615,390.

(1). Thus, 1840000 - 615,390 = 1,224,610.

GOLD MINE = 3070000.

Accumulated depletion = 204,666.

(2). Therefore, we have 3070000 - 204666 = 2,865,334.

TIMBER: 2080000.

Accumulated depletion = ( $566100 + 410,700) = 976,800.

Residual value of land = #112000.

(3). Therefore, (2080000 - 976,800) - 112,000 = 991,200.

OIL RESERVES: 1376000.

Accumulated depletion= 478,080.

(4). Therefore, 1376000 - 478,080 = 897,920.

Hence, we have the total natural resources = (1) + (2). + (3). + (4). =

1,224,610 + 2,865,334 + 991,200 + 897,920 = $ 5,979,064.

Therefore, 5,979,064 - 112,000 = $ 5,867,064.

6 0
4 years ago
Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $32,000 in premiums
Natalija [7]

Answer:

He does not report any gross income as life insurance proceeds are exempted from tax.

Explanation:

As a rule life insurance proceeds to a beneficiary are not taxable, they are viewed as non taxable inheritance of the deceased to the beneficiary.

However if Ellie had instructed the insurance company to hold the funds for sometime before paying Jason, the interest earned during that period will be taxable.

5 0
3 years ago
What is the shape of MP curve?
Serga [27]
EXPLANATION: The MP curve is one of three related curves used in the analysis of the short-run production so basically the marginal product (MP) curve plays in key role in the economic analysis of short-run production by firm

Answer: MP curve looks like a reverse U shaped curve or are invertedly U-shaped
8 0
3 years ago
Interest revenue on bonds is reported as a.part of operating income b.an addition to the investment in bonds account c.part of o
patriot [66]

Answer:

as part of other income.

Explanation:

A bond's interest income is obtained by multiplying the carrying amount and the market interest rate. Bonds pay interest to the bondholder and when the security is mature it pays off the principal invested. Interest payments are not fixed but rather vary with level of earnings of the company.

Interest revenue on bonds is considered as part of other income because it is income realised from non operating activities, so it cannot be classified as operating income.

5 0
3 years ago
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