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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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Imagine that you have located an article by two authors, Smith and Jones. You would like to integrate this article into your pap
Bezzdna [24]

Answer:

I think that it is C I am not sure tho

Explanation:

8 0
3 years ago
A corporation purchased a piece of land for $50,000. The corporation paid attorney's fees of $5,000 and brokers' commissions of
larisa86 [58]

To find the total cost of the land is $65,000.

<h3>What is a corporation?</h3>
  • A corporation is a business or other type of organization that has been established by a group of people and has been given legal status as a single juridical person by virtue of a treaty, statute, or other act that has been passed by a state or supranational organization.
  • It can be a private or public law legal entity that is recognized in law for specific purposes.
  • 10 Early corporations were created with a charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature).
  • The majority of governments currently permit the registration of new corporations.
<h3>What are attorney fees?</h3>
  • Attorney's fee is a word used mostly in the United States to describe payment for legal services rendered by an attorney on behalf of a client, whether in or out of court.
  • It could be a flat-rate, hourly, or contingent charge.

<h3>Solution -</h3>

To find the total cost of the last, add all the numbers as follows:

50000+5000+3000+1500+6000 = 65,500

Subtract proceeds from the scalp = 65,500 - 500 = 65,000

Therefore, to find the total cost of the land is $65,000.

Know more about legal entities here:

brainly.com/question/14037572

#SPJ4

5 0
2 years ago
Georgia Company uses the precentage of recievables method for recording bad debt expense. The accounts recievable balance is 600
lozanna [386]

Answer:

0.04 *60,0000= 2400

                                                       Debt                                     Credit

Bad debt expense                            2400

Accounts receivables                                                                     2400

Allowance for doubtful accounts     2400

Bad dent expense                                                                          2400

Explanation:

7 0
3 years ago
When a monopolist increases the amount of output that it produces and sells, the price of its output?
DedPeter [7]
The price output will go up
3 0
4 years ago
Consider two firms producing smartphones. Firm A uses a highly automated robotics process, while Firm B uses human workers on an
MrRa [10]

Answer:

The firm that will have a higher beta is:

Firm B.

Explanation:

The question here is which firm is more volatile.  Since they have a similar amount of financial leverage, Firm B which uses more human workers on its assembly line and pays overtime will appear to be more volatile than Firm A with a highly automated robotics process.  Firm B faces risks of labor strikes and other vagaries associated with the use of more labor than the market.

7 0
3 years ago
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