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Karo-lina-s [1.5K]
3 years ago
8

Identify at least four different types of financial statement users and discuss why each would use the financial statements.

Business
1 answer:
GarryVolchara [31]3 years ago
8 0

Answer:

Government authorities :

They will use the financing statement to ensure the fairness of the business and to receive proper amount of tax.

Investors :

Current or potential investors would check financial statements to ensure they will suitable returns after investment.

Creditors :

They will check financial statements to make sure they get their due money back.

Employees :

The employees will ask for bonus if the company performance in statements is good,

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Acme Corporation (Scenario) Acme Corporation's management feels that employees could be more motivated by their jobs. The jobs w
VLD [36.1K]

Answer: TASK IDENTITY

           

Explanation:

In simple words,the degree to which a work includes doing a comprehensive piece of work from start to finish and recognizable with a noticeable result as opposed to doing just a segment of the job.

Job identity is a key component of job satisfaction.Task identity is the degree to which-from starting point A to completion point B-a job is done. In other words, it represents to what extent the result is anticipated or noticeable.

Hence from the above we can conclude that the company is doing the task identity.

7 0
3 years ago
Management Theories, Inc. at a cash price of $1.5 million. Management Theories, Inc. has short-term liabilities of $500,000. As
Pavlova-9 [17]

Answer:

$1,102,820

Explanation:

 The computation of the net present value is shown below:

= Present value of yearly cash inflows - initial investment

where,

Present value of yearly cash inflows is

= Annual year cash inflows × PVIFA factor

= $300,000 × 2.9906

= $897,180

And, the initial investment is

= $1,500,000 + $500,000

= $2,000,000

So the net present value is

= $897,180 - $2,000,000

= $1,102,820

4 0
4 years ago
The projected capital budget of Kandell Corporation is $1,000,000, its target capital structure is 60% debt and 40% equity, and
Ira Lisetskai [31]

Answer:

The correct answer is option (e).

Explanation:

According to the scenario, the computation of the given data are as follows:

Capital budget = $1,000,000

Debt = 60%

Equity = 40%

Net income = $550,000

So, we can calculate the total dividend by using following formula:

Total dividend = net income - ( Equity × Capital budget )

= $550,000 - ( 40% × $1,000,000 )

= $550,000 - $400,000

= $150,000

8 0
4 years ago
Read 2 more answers
Many farmers practice "crop rotation" by planting a field with corn one year and soybeans the next. why might they do this?
lisabon 2012 [21]

The reason that they do this because rotating crops has the capability of keeping the nitrogen from being depleted in the soil as nitrogen fixing bacteria are likely to be found in the nodules of the roots of the soybeans and not on the corn’s roots that makes soybeans the next after the corn is planted first.

8 0
3 years ago
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retain
natulia [17]

Answer:

$74,400

Explanation:

Pell Company

Pell's income from Demers for the year ended December 31, 2010

Controlling Interest Share of Net Income for 2010- Excess Fair value Annual Amortization

Controlling Interest Share of Net Income for 2010= ($100,000 × .80) $80,000

Less Excess Fair Value Annual Amortization =($7,000 × .80) $5,600

Pell Income= $74,400

8 0
3 years ago
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