Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HiProfile Limited, is a small sports car modifier based in Durham, in the north of England. The company specialises in customising high-end vehicles, designed to

image text in transcribed
HiProfile Limited, is a small sports car modifier based in Durham, in the north of England. The company specialises in customising high-end vehicles, designed to appeal to younger, affluent sports car owners with up-to-the-minute tastes. Customisations include wraps (custom car colours applied as a transfer), changing the magwheels, and increasing the power of the engines. The company has a team of highly skilled craftspeople who use their skills to produce the highest standard of product. The company premises in Durham comprises an office, a retail outlet, a factory, and inbound/outbound stores. The company employs 46 workers; 24 of whom are skilled metal workers, eight are unskilled manual labourers (semi-skilled metal workers, stores people, etc), and the remainder are office/shop staff and managers. In your response, consider our case study company, HiProfile Limited, and identify what you consider to be its three most important user groups of accounting information from the list below: Government Investment analysts Competitors Suppliers Community representatives Managers Employees Lenders Owners Unions In your response, you should State the three groups who will be most interested in what the financial statements contain. Justify your selection and explain what kind of information they would be most interested in. State if you think your answer would differ if the type of organisation were different, for example, if it were a public sector organisation or a not-for-profit organisation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Management

Authors: Richard L Daft, Dorothy Marcic

6th Edition

9780324581782, 324581785, 978-0324568387

More Books

Students also viewed these General Management questions

Question

Solve for x: 2(3x 1)2(x + 5) = 12

Answered: 1 week ago

Question

LO2.2 List the main characteristics of the market system.

Answered: 1 week ago

Question

LO2.5 Describe the mechanics of the circular flow model.

Answered: 1 week ago