Which of the following statements about accounting information is true?
a. business enterprise’s management is the major external user of accounting information.
b. accounting information is used only by external users with a financial interest in a business enterprise.
c. accounting information is used only by internal users who are responsible for planning, organizing and running a business enterprise.
d. accounting communicates financial information about a business enterprise to both internal and external users.

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan