QUESTION 1
The managerial function of controlling
is only applicable when the company sustains a loss.
includes performance evaluation by management.
is performed only by the controller of a company.
is concerned mainly with operating a manufacturing segment.
1 points
QUESTION 2
Kentsdale sells hair brooches. Following information summarizes Kentsdales operating activities for 2021.
Selling and Administrative Expense 45,000
Purchases 70,000
Sales Revenue 150,000
Inventory, Jan. 1, 2021 9,000
Inventory, Dec. 31, 2021 8,000
Calculate the operating income for 2021
81,000
36,000
34,000
79,000
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