Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 1 the managerial function of controllin

QUESTION 1 The managerial function of controlling ...

80.2K

Verified Solution

Question

Accounting

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students