Warningl Due to nactiw XConnect Secure https/ education ml mework- Chapter 1 Par

Question

Warningl Due to nactiw XConnect Secure https/ education ml mework- Chapter 1 Part A dentify the following questions as most likely to be asked by an internal or an extemal user 1 What are reasonable payroll benefts and wages 2 Should we make a five-year loan to that bunsiness? 3 What are the costs of our product's ingredients? Do income levels justity the current stock price? e ook Should we spand addiional money for redesign of our product? Which em reports the highest sales and income? Print T What are the costs of our service to customers? Part 8 Identify the following users of accounting information as either an internal or an external user ? Prey 11 of t31? Next >

Explanation / Answer

Part A:

Internal- What are the reasonable payroll benefits and wages? This question is asked by Employees of the company

Internal- Should we make a five year loan to that business?- This decision will be taken care of Board of Directors who are internal to the company.

Internal- What are the costs of our products ingredients? Investors do not interfere in daily Operations. This question seems to be asked by a Management member to a manager or a Manager to an employee.

External- Do Income level justify the current stock price? This question can be a shareholder or an analyst or any other outside party to company.

Internal- Should we spend additional money for redesign of our product? This may be being discussed in Board Meeting.

External- Which Firm reports the highest sales and income? This question can be a shareholder or an analyst or any other outside party to company.

Internal- What are the costs of our service to customers?

Part B:

Research & Development Director- Internal to the company

Human Resource Director- Internal to the company

Politician- External

Shareholder- External

Distribution Manager- Internal (Employee to the company)

Creditor- External

Production Supervisor- Internal (Employee to the company)

Purchasing Manager- Internal (Employee to the company)

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