The following selected account balances are provided for delray mfg. sales $ 1,004,000 raw materials inventory, beginning 37,000 work in process inventory, beginning 57,600 finished goods inventory, beginning 67,400 raw materials purchases 162,200 direct labor 245,000 factory supplies used (indirect materials) 17,700 indirect labor 54,000 repairs—factory equipment 5,250 rent cost of factory building 51,000 advertising expense 95,000 general and administrative expenses 126,000 raw materials inventory, ending 43,100 work in process inventory, ending 40,900 finished goods inventory, ending 65,700 prepare its schedule of cost of goods manufactured for the current year ended december 31.

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

Post test question number 9 for entering the job market

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average.it is valued at greater than the sum of individual business units.