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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.
Answer:
<u><em>Sales</em></u>-Oriented
Explanation:
A Sales-Oriented Company's main focus is on <em>producing a sales team to advertise and market their products or services.</em>
Generally, such strategies are made through door-to-door sales, telephone conversations, and other encounters with prospective customers or opportunities.
The sales team is typically the business's greatest resource and the <em>primary driver of its growth and productivity.</em>
Answer:
$224,000
Explanation:
Goodwill from acquiring Mini Company = Cash consideration paid - Fair value of Mini Company's plant and equipment = $371,000 - $147,000 = $224,000
The net increase in Maxi's assets only after paying the cash for Mini is $224,000 i.e. the goodwill from acquiring Mini Company.
Answer:
Option A) $5000
Explanation:
The explanation for this question is given in the attachment below.
