Question: QUESTION 1 The managerial function of controlling a. is only applicable when the company sustains a loss. b. includes performance evaluation by management. c. is

QUESTION 1

  1. The managerial function of controlling

    a.

    is only applicable when the company sustains a loss.
    b.

    includes performance evaluation by management.
    c.

    is performed only by the controller of a company.
    d.

    is concerned mainly with operating a manufacturing segment.

1 points

QUESTION 2

  1. 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

    a.

    81,000
    b.

    36,000
    c.

    34,000
    d.

    79,000

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