Securities and Exchange Commission Store manager Suppliers Vice president of finance (b) The following questions could be asked by an internal user or an external user. Identify each of the questions as being more likely asked by an internal user or an external user. udy. Can we afford to give our employees a pay raise? Did the company earn a satisfactory income? Do we need to borrow in the near future? How does the company's profitability compare to other companies? What does it cost us to manufacture each unit produced? Which product should we emphasize? Will the company be able to pay its short-term debts? Which An analysis of the transactions made by Foley & Co., a certified public accounting firm, for the month of August is shown below. Assets = Liabilities + Stockholders' Equity Retained Earnings + Accounts Receivable Supplies Revenues Expenses Dividends 1. - Accounts + Common Equipment Payable Stock $15,000 $5,000 $3,000 2. $750 $4,500 $9,400 Cash $15,000 -2,000 - 750 4,900 -1,500 -2,000 -350 450 -3,900 Service Revenue - 1,500 5 6. -$2.000 -$850 Rent Expense 9. --3,900 -500 500 Salaries/Wages Expense Utilities Expense (b) Determine how much stockholders' equity increased for the month Increase in stockholders' equity (c) Compute the amount of net income for the month. Net income