The purpose of financial statement analysis for internal users is to provide information to improve efficiency and effectiveness.
Who are the internal users of financial statement?Users of financial information can either be internal users or external users. Those that have access to managerial accounting information are known as internal users of accounting information. Internal users include: owners, managers, employees
Those that do not have access to managerial accounting information are known as external users of accounting information. External users include: bankers, shareholders, tax authority, regulatory bodies
.
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The major department head who is appointed by the president to deal with foreign countries is the.
The major department head who is appointed by the president to deal with foreign countries is The Secretary of the state.
The Secretary of State is generally appointed by the President of the country which deals particularly with the advice as well as the consent of the Senate and is the chief foreign affairs adviser who is selected by the president. The Secretary will be carrying out the foreign policies generated by the president through the State Department and also the Foreign Service of the respective country.
In many democratic countries, the Ministry of Foreign Affairs department of the government is responsible for the diplomacy, bilateral, and multilateral relations affairs of the state which is as for providing support for the citizens of a country who are staying abroad.
State Department, is considered to be an executive department of the federal government though it is responsible for the foreign policy and foreign relations that take place in a particular state.
The primary goal concerned with the Secretary of State and Department of State is to shape a freer and secure, and also more prosperous living world through the implementation and formulation of the foreign policy of the president while supporting and most importantly protecting the country's interests existing abroad.
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Supporters of laissez-faire believed the government should interfere in the economy only to.
Supporters of laissez-faire believe that the government should intervene in the economy only to protect property rights and maintain peace.
Laissez-faire can be defined as an economic theory that has developed since the 18th century. Those who adhere to this theory believe that the government should not interfere in the business activities of the people. Alias, assumes that the economy must run as it is.
The objective of the principle of laissez-faire economics is to promote a free and competitive market which demands the restoration of order and the natural state of freedom from which human beings emerged. Therefore, a laissez-faire economy is characterized by the free movement of supply and demand, Supply and Demand The law of supply and demand is a microeconomic concept which states that in an efficient market, the quantity supplied of a good and the quantity demanded for that good are equal between each other. The price of the good is also determined by the point at which supply, and demand equal each other, free from all forms of interference by the government, pricing monopolies, or other powerful parties.
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The effect of population distribution and density on the environment and natural resources is known as.
The effect of population distribution and density on the environment and natural resources is known as carrying capacity.
The distribution of Population and density will be affecting political, economic as well as social processes which include the provision of services including hospital medical care. Population distribution as well as the density affects the environment and concerning natural resources and this is termed as carrying capacity.
The population composition can be given as a particular pattern made with the elements such as age structure and the gender ratio located in different regions which will be at varying scales. The population composition effects can be seen in the case distribution and also the density of the population.
The effect of Carrying capacity can be defined as the average population size of a particular species in the concerned habitat. Then the population size of the species is limited to adequate food, shelter, water, and mates which all are environmental needs. If these needs are not met successfully, the size of the population will get decreased until the rebounding of resources. Therefore, the carrying capacity will be having an effect on population distribution and density with respect to the availability of the environment and natural resources.
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what mechanism does e. fishelsoni use to deal with its gigantic size and the limitations of diffusion?
To deal with its gigantic size, they produce tens of thousands of copies of the chromosomes.
Chromosomes are thread-like structures placed in the nucleus of animal and plant cells. Each chromosome is fabricated from protein and a unmarried molecule of deoxyribonucleic acid (DNA). Surpassed from mother and father to offspring, DNA contains the particular instructions that make every sort of residing creature particular.
What are chromosomes in a human?
Chromosomes are systems found inside the middle (nucleus) of cells that carry long pieces of DNA. DNA is the cloth that holds genes. it is the building block of the human frame. Chromosomes also incorporate proteins that help DNA exist inside the right form.
Which chromosome is female?
Anyone normally has one pair of sex chromosomes in every cellular. Girls have X chromosomes, at the same time as men have one X and one Y chromosome. Early in embryonic development in females, one of the X chromosomes is randomly and permanently inactivated in cells apart from egg cells.
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Economists agree that when an individual changes their behavior, they are doing so because O of changes in preferences. O of changes in relative prices. of sunk costs. Othey are irrational.
Answer:
They are irrational.
Explanation:
Economists agree that when an individual changes their behavior, they are doing so because they are irrational.
It should be noted that the behaviors of human beings change which affect their purchasing decision.
because their responsibilities are based around planning and organizing, the most important set of skills for top managers are .
Conceptual skills are the most important skills for top managers because thier responsibilites are based around planning, organizing and execution.
Conceptual skills are basically those thinking skills that grasp ideas that are complex in nature and then come up with answers to difficult problems. These skills are considered very important for top managers as they will help to find the solutions to different challenges. For management these skills require the ability to make quick decisions, where required because the responsibilities of top managers sorround planning, organizing etc.
Some types of conceptual skills include decision-making, critical thinking, logical thinking and multitasking. As top managers must look at the company's operations from a business standpoint, with realistic expectations and planning and organizing is their main responsibility, it is very important that managers can apply new concepts and bring change.
These skills not only allow top managers to visualize the organization and implement new ideas in the organization. Having conceptual skills allows the top managers to understand the impact of company decisions and see a clear picture as it impacts departments and individual employees.
Therefore conceptual skills are important management skills.
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able sold to both the low and high tech segments last year, and marketing predicts able will have the same market share next year. how many units would you forecast for able? last year able sold 1,200 units total – 360 units to high tech customers and 840 units to low tech customers. the high tech segment is 20% larger than last year. the low tech segment has grown by 10%.
Able sold to both the low and high-tech segments last year, and marketing predicts able will have the same market share next year. 1,841 units would you forecast for able.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.
Advertising is one of the primary methods used by marketing and promotion specialists to capture the interest of important target markets. Targeted promotions may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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Economist hernando de soto believes that the benefits of capitalism will not be achieved until.
Economist Hernando de Soto believes that the benefits of capitalism will not be realized until Property Rights are better protected.
The economic system is a forum to regulate the allocation and utilization of natural resources and human resources in a country. The management of human resources and natural resources starts from the activity of producing an item to marketing it in the market.
These production activities can be carried out by the government directly or by the people themselves. This depends on what type of economic system they follow.
The capitalist economic system is one of the most popular and controversial economic systems. This system was born from the thinking of classical economics. Where the capitalist economic system has the main characteristic, namely private property rights over all means of production and distribution. This is used to get as much profit or profit as possible.
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an audit team generally includes blank . multiple select question. an it analyst one or two seniors staff members a financial analyst a partner a manager
An audit team generally includes a partner, senior staff members and manager .
What is an audit?
Financial statement audits are the most common type of audit. To ensure that the financial records are a fair and accurate depiction of the transactions they claim to represent, a financial audit is an objective review and evaluation of an organization's financial statements. Internal audits can be carried out by company staff or external audits can be performed by outside Certified Public Accounting (CPA) firms.
The financial statements of almost all businesses, including the income statement, balance sheet, and cash flow statement, are audited annually. As part of its debt covenants, lenders frequently demand a yearly external audit's findings.
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in marketing, a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers’ needs and is received in exchange for money or something else of value is known as a(n)
It is known as a product.
What is a product?Anything you sell to fulfill a customer's need or desire is a product. They could be real or virtual. Physical products come in both durable and nondurable varieties, including furniture, computers, and vehicles (such as food and beverages). Offerings of services or experiences constitute virtual products (such as education, software, and other digital products). A hybrid product might have both physical and virtual components. In order to better reach and serve customers, traditionally analog products are incorporating digital technology, leading to an increase in the prevalence of hybrid products.
Thus This guide will teach you that there is much more to a product than what the customer initially sees and what they believe they are purchasing.
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The forces influencing the life and development of the firm are classified into which two categories?.
There are both internal and external factors that have an impact on the company's survival and expansion.
meaning
External forces are those induced by a system actor from outside the system. No matter where the external force is applied, it will result in an acceleration of the system's center of mass.
The forces that the system's objects exchange are called internal forces. While the system's center of mass does not accelerate, other parts of the system might do so as a result of internal forces.
Consider a body in a system that is experiencing friction as an example.
If the two bodies are seen as a system, friction acts as an internal force.
Anything that exerts pressure on an item is a force.
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ted's property is in foreclosure, but he has some equity in his property. an investor suggests that she and ted enter into a sales contract for a substantially higher price than the investor would actually pay. the investor pockets the cash and allows the house to be foreclosed on. what sort of scheme is this? unset starred question
Ted's house is in foreclosure, although he has some equity in it. An investor advises that she and Ted sign a sales contract for a far higher price than the investor would pay. The investor pockets the cash and allows the house to be foreclosed on. Equity skimming sort of scheme is this.
What is Equity Skimming?
Equity skimming is a type of real estate fraud in which a dishonest investor or individual takes the title to a person's home and refinances it in order to steal the equity from the asset. It usually happens when a homeowner is in financial trouble, unable to make their mortgage payments, and is on the verge of losing their home. To help you out of financial difficulties and potential foreclosure issues, a "fake buyer" or investor contacts you and offers to take over your mortgage payments or even makes a promise to pay you a sizable sum of money when the property is sold. However, the owner must consent to hand over the title to the property and must either agree to vacate the property immediately or to continue living there as a tenant and paying rent on a regular basis.
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the promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities, such as trade shows, event sponsorships
Through transient actions like trade fairs and event sponsorships, sales promotion is a tactic that encourages customer purchase and dealer engagement.
What is Sales Promotion?A transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand in its product or service.
A company may decide to utilize a sales promotion (or "promo") for a variety of reasons, but the main one is to increase sales. Sales increases could be required to meet a quota as a deadline draws near or to spread word of a new product.
Let's examine several sales promotion types in more detail, as well as the advantages and disadvantages of adopting each style of promotion.
12 different categories of sales promotions exist. Although not all of them are appropriate for every industry, product, or service, each one offers distinct opportunities to increase sales and forge stronger bonds with clients by utilizing various sales psychology techniques. Each presents a comparison of sales methodologies and offers an unusual perspective on spin selling.
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3. during the 1980s and 1990s, managing the transportation function in supply chains was recognized as being important but not critical. has this perspective changed, and if so, how and why? what special challenges does transportation face in the future?
Transportation is critical to a strong supply chain. As the world evolves, so does the demand for products that are available and delivered quickly, and products that arrive late or late at their destination are unacceptable. The challenges that transportation must face in the future are numerous.
Transportation is the movement of people, animals, and goods from one place to another. In other words, transport activity is defined as the specific movement of an organism or thing from point A (location in space) to point B. and spaces.
This area can be divided into Infrastructure, Vehicles, and Operations. Transport enables trade between peoples, which is essential to the development of civilization.
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bob's bakery is making a partial payment of $70 for baking supplies it purchased in a previous month. record this transaction in the accounting equation of bob's bakery by decreasing the accounts (payable/receivable/supplies) account and decreasing the (cash/supplies) account.
The (Cash/Equipment/Supplies) account would increase and the (Cash/Equipment/Supplies) account would decrease when documenting the purchase of equipment for cash using the accounting equation.
What is accounting ?Accounting, often known as accountancy, is the measurement, processing, and communication of financial and non-financial information about economic entities like businesses and corporations. Accounting, also known as the "language of business," is used to measure the outcomes of an organization's economic actions. A variety of stakeholders, such as investors, creditors, managers, and regulators, are informed of these results. Accounting is a profession practiced by accountants. Financial reporting and accounting are frequently used synonymously.
Among the many accounting specialties are cost accounting, management accounting, tax accounting, and financial accounting.
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express the following comparative income statements in common-size percents. (round your percentage answers to 1 decimal place.)
To calculate an income statement of a standard size, divide the various income statement components by the sales revenue to get a percentage.
An income statement is a financial statement that details the company's earnings and outlays. It also shows a company's profit or loss over a certain period of time. When you compare the income statement to the balance sheet, cash flow statement, and cash flow forecast, you may be able to better understand your company's financial status.
What are income statements and what do they serve?
The goal of an income statement is to show a company's financial performance over a certain period of time. It describes the financial history of a company's operations.
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salesperson sam is working in a predominantly caucasian neighborhood. after trying several different marketing strategies, he finds success by telling home owners that minorities have been moving into the neighborhood and if the trend continues, property values will fall. what is this illegal practice called? select one: a. redlining b. blockbusting c. steering d. flipping
Blockbusting is the name of this prohibited practice.
the required details about Blockbusting is mentioned below
Describe blockbusting.
Blockbusting was a commercial strategy where real estate brokers and construction companies persuaded white inhabitants of a certain neighborhood to sell their homes for less than market value.
This was accomplished by instilling anxiety in the local residents by falsely claiming that ethnic minorities will soon be relocating there. The superstars would later resell those same homes to black families seeking economic advancement at astronomical prices.
Following the post-World War II outlawment of overtly segregationist real estate practices, blockbusting gained popularity. Following changes to the law and the real estate market, it had largely vanished in the United States by the 1980s.
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Mainstreet communities, llc (mainstreet), has a director of construction, scott thomas. Scott is a 20-year veteran with mainstreet and is responsible for overseeing the construction of the company’s development projects. What type of power does scott enjoy because of his position?
Based on the fact that Scott Thomas is responsible for overseeing construction, the type of power that Scott enjoys is Legitimate Power.
What is Legitimate Power?Legitimate Power refers to the power that a person has by virtue of their formal position in an organization or structure.
Scott Thomas is in charge of construction of development projects because he is a director of construction. He is therefore enjoying legitimate power.
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social trend technology trend consumer trend smart devices interest in renewable energy buying solar panels and generators
Matching the trends with the appropriate examples.
1 . social trend - interest in renewable energy
2. technology trend - smart devices
3. consumer trend - buying solar panels and generators
What are trends?A trend is referred to as anything popular which is changing the pattern of the market and influences the perception and demands. These trends help to manage the market and create fluctuations.
Social trends are referred to as trends which is caused by cahnges in the thinking of society. Technology trends influnece due to advancements in the technology and easier to work.
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The complete question is
Drag the tiles to the correct boxes to complete the pairs.
Match the trends with the appropriate examples.
1 . social trend
2. technology trend
3. consumer trend
A. smart devices
B. interest in renewable energy
C.buying solar panels and generators
b. lopez company reports unadjusted first-year sales of $200,000 and cost of sales of $50,000. the company expects future returns and allowances equal to 5% of sales and 5% cost of sales. prepare the year-end adjusting journal entry for future returns and allowances related to sales.
If Lopez company reports unadjusted first-year sales of $200,000 and cost of sales of $50,000 and the future returns and allowances equal to 5% of sales. The year-end adjusting journal entry is: Debit Sales returns and allowances $10,000, Credit Sales refunds payable $10,000.
Adjusting journal entryThe appropriate journal entry to record the transaction for future returns and allowances related to sales is:
Lopez company journal entry
Debit Sales returns and allowances $10,000
Credit Sales refunds payable $10,000
($200,000×5%)
(To record future returns and allowances)
Therefore If Lopez company reports unadjusted first-year sales of $200,000 and cost of sales of $50,000 and the future returns and allowances equal to 5% of sales. The year-end adjusting journal entry is: Debit Sales returns and allowances $10,000, Credit Sales refunds payable $10,000.
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swansea manufacturing currently produces 3,000 tires per month. the following per unit data for 3,000 tires apply for sales to regular customers: direct materials $38 direct manufacturing labor 14 variable manufacturing overhead 19 fixed manufacturing overhead 20 total manufacturing costs $91 the plant has capacity for 5,000 tires and is considering expanding production to 4,000 tires. what is the total cost of producing 4,000 tires?
The total cost of producing 4,000 tires is $344,000
Given,
Swansea manufacturing produces = $3,000 tires per month.
Per unit data = $3,000
Direct materials = $38
Direct manufacturing labor = 14 variable
Variable manufacturing overhead = 19 fixed
Fixed manufacturing overhead = 20 total
Total manufacturing costs = $91
Expanding production = $4,000 tires.
Total cost = ?
The total cost is calculated below,
[(Direct materials + Direct manufacturing + Total manufacturing costs) × units] + (Fixed manufacturing overhead × Per unit data)
= [($38+ $14 + $19) × $4,000 units] + ($20 × $3,000 units)
= ($71 × $4,000 units) + $60,000 units
= $344,000
Hence, the total cost of producing 4,000 tires is $344,000
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financial accounting focuses on the needs of external users, who get accounting information from general-purpose financial statements. true or false
It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.
Who are external users of financial accounting?An investors is the most common external users of financial statements because they make and assess their investment decisions by using relevant financial information in a company's financial statements
But external users of financial accounting such as shareholders, boards also uses the financial accounting, therefore, It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.
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Assume that consumers consider popcorn and pretzels to be substitutes. A significant decrease in the supply of popcorn will affect the pretzel market by.
Assume that consumers consider popcorn and pretzels to be substituted. A significant decrease in the supply of popcorn will affect the pretzel market by increasing the demand for pretzels and therefore the price of pretzels.
Maximum producers are targeting millennials, a developing health-aware patron segment, mainly in Europe and the Americas. Increasing consumer interest in ethnic and distinct flavors is pushing companies to test progressive flavors including fruit-flavored chutney popcorn and barbecue popcorn.
Furthermore, the growing demand for popcorn as on-the-go snack and its availability in a greater diversity of flavors is predicted to propel the economic popcorn market growth. In 2020, prepared-to-consume popcorn accounted for the very best market proportion and is anticipated to dominate the marketplace at some stage in the forecast length.
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what describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project? multiple choice question. project scope project management project plan project manager
A project plan describes the business need (the problem the project will solve) and the justification, requirements, and current boundaries for the project. The correct option of this question is c i.e. project plan.
A project plan is formal documentation that defines the stages of the project and its execution. This includes the business need, the resources required and their justification and optimized application and the extents of the project. Project planning is done by the project managers and project planning softwares is used for this purpose. It is the who, how, what, why, where and when of a project.
The other options are incorrect because:
Project scope is a part of a project plan and it determines what the extents, limits and boundaries of the project are.Project management is the use of specific tools and expertise to ensure the successful completion of a project.Project manager is the individual who plans, organizes and executes projects.You can learn more about project plan at
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Can I please get some help thank you :)
Based on the amount that Jeff is paid in a month and his expenses, the amount that he has left for the month is $1,280.
What does Jeff have left?The amount that will be left over to Jeff for the month can be found as:
= Monthly income - Monthly expenses
Solving gives:
= (1,050 x 4 times) - 1,500 - 400 - 120 - 450 - 250 - 200
= 4,200 - 1,500 - 400 - 120 - 450 - 250 - 200
= $1,280
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Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not measured as part of gdp. It follows that.
The ability of a country to purchase the inputs that can be used to generate the items that contribute to wellbeing makes GDP still a valuable indicator of the welfare of society.
The most often used indicator of an economy's size is its gross domestic product (GDP). GDP can be calculated for a nation, a region (such as Tuscany in Italy or Burgundy in France), or for a group of nations (such as the European Union) as a whole (EU)
Welfare, or more frequently social welfare, is a form of government aid aimed at ensuring that citizens can satisfy essential requirements like food and housing.
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what technology that simulates human thinking (learning from data, adapting to change, and making decisions automatically) can human resource managers use in the application of people analytics?
Technology that simulates human thinking (learning from data, adapting to change, and making decisions automatically) can human resource managers use in the application of people analytics is artificial intelligence.
What is a human resource manager?The human resources manager is responsible for managing the workforce in an organization. The functions included in his role are recruitment, performance evaluation, performance appraisal as well as training and development.
Artificial intelligence is when technology, particularly computer systems, simulates human cognitive processes. that imitate how people think by automatically generating judgments, learning from data, and adjusting to change.
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why is the daily scrum held at the same time and same place? group of answer choices the consistency reduces complexity. the place can be named. rooms are hard to book and this lets it be booked in advance. the product owner demands it.
The Daily Scrum is held at the same time and place each day to reduce complexity.
Complexity characterizes the behavior of a system or model where components interact in multiple ways and follow local rules, resulting in nonlinearity, randomness, collective dynamics, hierarchy, and emergence.
The term is generally used to characterize things that have many parts, and those parts interact in various ways, culminating in a higher origin that is greater than the sum of their parts. increase. Investigating these complex interconnections at various scales is a major goal of complex systems theory.
2010 science follows different approaches to characterize complexity. Zayed et al. Reflect many of them. Neil Johnson said, "Even among scientists, there is no clear definition of complexity, and scientific terminology has traditionally been communicated in terms of specific examples.."
The definition of "complexity science" is "phenomena arising from a collection of interacting objects"
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6. allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
The periodic assumptions allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
What is a periodic assumptions?In accounting, it states states that an organization can report its financial results within certain designated periods of time.
Hence, it allows the life of a company to be divided into artificial time periods so accounting reports can be provided on a timely basis.
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for each of the users of accounting information, identify whether the user is an external decision maker (e) or an internal decision maker (i):
Here, 'e' stands for external decision maker and 'i' stands for internal decision maker
customer - e
company manager - i
internal revenue service - e
lender - e
investor - e
controller - i
cost accountant - i
SEC - e
What is the difference between the roles of external decision maker or an internal decision maker?Internal users are any of the several departments or divisions that utilize accounting data to influence decisions. encompasses the management of the business.
Groups that are not a member of the organization but have an interest in it are known as external users. Examples include the government, lenders, consumers, and investors.
Complete Question -For each of the users of accounting information, identify whether
the user is an external decision maker(E) or an internal decision maker(I):
-customer
-company manager
-Internal Revenue Service
-Lender
-Investor
-controller
-Cost accountant
-SEC
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