Accounting information helps key stakeholders of the business to make decisions.From the following options,which one is the decision that an internal stakeholder is unlikely to make? A.Make decisions about how toset product selling price,whether to advertise and how much to spend on advertising B.Decide which products to continue to sell and when to add new products or drop old ones C.Identify what resources and employees the business needs,and to set benchmarks against which they can later measure the business's progress towards its goals D.Analyse the business's financial reports to decide whether to purchase shares of the company

Accounting information helps key stakeholders of the business to make decisions.From the following options,which one is the decision that an internal stakeholder is unlikely to make? A.Make decisions about how toset product selling price,whether to advertise and how much to spend on advertising B.Decide which products to continue to sell and when to add new products or drop old ones C.Identify what resources and employees the business needs,and to set benchmarks against which they can later measure the business's progress towards its goals D.Analyse the business's financial reports to decide whether to purchase shares of the company

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 8Q: Use the internet to research one manufacturing, one retail (or merchandising), and one service...

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Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the business funding, and what costs might the business have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process
Companies need to report both monetary and nonmonetary data and information. A. Define these two terms and provide examples of each. B. Discuss what sources are available that provide companies with both types of data and information.
Choose a company and explain how a specific issue, policy, or procedure (for example, granting merchandise returns, establishing sales prices) might look if the business is structured as a decentralized business.
Providing information about the performance and financial position of companies so that users can make economic decisions best describes the role of: Select one: O a. Financial reporting. O b. Financial statement analysis. O c. Auditing.
Who are the primary users of a company's management accounting information? A its customers to understand the pricing of the product. B its creditors to understand the credibility of the business. C its employees to plan and control operations. D its investors to make their investment decisions.
Which of the accounting controls ensure that a company's resources are used efficiently and economically? Select one: a. All of the available choices b. Making use of any payment discounts that are available c. Paying bills on time Od. Bidding for suppliers
Providing information about the performance and fi nancial position of companies so thatusers can make economic decisions best describes the role of:A . auditing.
1. Recommend how projected financial statements and other measures of business performance could be used in a furniture and appliance store to evaluate its activities and processes. 2. Assess the objectives of financial management and the role of different stakeholders in the financial strategy in a furniture and appliance store. 3. In a furniture store evaluate its main sources of potential financial risk using suitable techniques. For each risk area you are required to recommend and justify appropriate action to reduce the exposure. 4. In a furniture store evaluate options for the financing of business activities. You are required to include in your evaluation the characteristics of the different sources of finance. 5. how a furniture store might evaluate potential investment opportunities to ensure that decisions reflect the needs of the business and its financial management strategy.
Consider some of the consumer behavior topics for business-to-consumer (B2C) marketing. How might you apply them to business-to-business (B2B) settings? For example, how might non-compensatory models of choice work? Mental accounting?
Who will be a user of financial statements, and what will they be used for? Question 17 options: Lenders will use financial statements to decide whether to invest in a company. Investors will use financial statements to decide whether to lend money to a company. The marketing department is interested in the operating income figures in the financial statements. Managers will use financial statements to make decisions about their company.
Recommend ways in which your company may utilize anticipated financial statements and other metrics of business success to analyze its operations and procedures.
Explain the importance of using financial management for business decisions, and provide examples to support your claims. How do these responsibilities help to inform management decisions, and what would happen if management didn't have this information? This should be a brief paragraph with examples.