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3 years ago

7

Part A. Identify the following users of accounting information as either an internal (I) or an external (E) user.

1 answer:

trasher [3.6K]3 years ago

5 0

Answer:

Part A

1. Shareholders

Identification: External user

2. Creditors

Identification: External user

3. Non-executive employee

Identification: External user

4. Research and development director

Identification: Internal user

5. Purchasing manager

Identification: Internal user

6. Human resources director

Identification: Internal user

7. Production supervisors

Identification: Internal user

8. Distribution managers

Identification: Internal user

Part B

1. What are the costs of our service to customers?

Identification: Internal user

2. Should we make a five-year loan to that business?

Identification: External user

3. Should we spend further research on our product?

Identification: Internal user

4. Do income levels justify the current stock price?

Identification: External user

5. What are reasonable payroll benefits and wages?

Identification: Internal user

6. Which firm reports the highest sales and income?

Identification: External user

7. What are the costs of our productâs ingredients?

Identification: Internal user

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Explanation:

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3 years ago

Which country use tax brackets as a part of their tax system

konstantin123 [22]

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3 years ago

Read 2 more answers

The following is the Bravo Unlimited adjusted Trial Balance.

ivanzaharov [21]

Explanation:

The preparation of the Assets section is shown below:-

Alpha Dog Company

Adjusted Trial Balance

December 31, 2016

Particulars Assets

Cash $88,450

Accounts Receivable $150,000

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Total current assets $179,255

Fixed Assets

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Accumulated Depreciation -$238,760 $56,525

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Total Fixed assets $228,525

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4 years ago

Suppose the market wage for cashiers increases from $7 per hour to $9 per hour.As a result, Pat, who is a cashier, now works fiv

Anton [14]

Answer:

Income

Explanation:

Suppose the market wage for cashiers increases from $7 per hour to $9 per hour. As a result, Pat, who is a cashier, now works five more hours per week. On the other hand Chris, who is also a cashier, now works five fewer hours per week.Chris's behavior illustrates the <u>Income</u> effect of a wage increase.

As the income increases, few individual prefer to work fewer hours as now they are able to maintain target by working fewer than at previous wage rate. These people prefer leisure over higher income and want to settle down with limited income. These people may have a backward bending individual labour supply curve – they may choose to work fewer hours when the wage rate rises.

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3 years ago

Quaker State Wings has 320,000 shares outstanding and net income of $980,000. The company stock is currently selling for $62.97

ELEN [110]

Answer:

The new EPS is $ 3.16

Explanation:

In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as to arrive at the number of shares eligible for the earnings after such repurchase.

The number of shares repurchased=$634,000/$62.97

= 10,068.29

The average weighted number of shares after repurchase is 309,931.71 (320,000-10,068.29)

EPS after repurchase=$980,000/309,931.71

=$3.16 per share

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3 years ago