List three different groups of users of accounting information. Indicate the type of decisions each group typically makes from accounting information.

What will be an ideal response?


The groups and their decisions are:

Stockholders:Is the company profitable enough to pay dividends? Did the company make a profit for the period?Management:How should an item be priced? Should we continue operations? Can we give employees raises?Bankers:Can the company pay interest and principal when it comes due?Creditors:Can the company pay bills when they are due?Government:How much did the company earn? (i.e., how much taxes should be paid?)

Business

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If P(A) = 0.58, P(B) = 0.44, and P(A?B) = 0.25, then P(A?B) =

A. 1.02. B. 0.77. C. 0.11. D. 0.39.

Business

In China, signed contracts ________

A) mean a final agreement B) must be honored C) are not open to renegotiation D) signal interest in doing business E) are a binding commitment

Business

Of a company's employees, 70 percent typically qualify to receive two weeks' paid vacation per year. Calculate the vacation pay expense for a week in which total payroll is $45,000, of which $5,000 represents payroll of employees on vacation

a. $1,076.92 b. $1,120.00 c. $1,260.00 d. $1,211.54

Business

In the “Entrepreneurship in Action” case study, what was the method that Haupt and Alstin used to gather information about adults’ current attitudes toward helmets?

a. one-on-one interviews b. anonymous questionnaires c. overhearing customers talk about the product d. monitoring social media websites

Business