Morgan Manufacturing Company has the following account balances at year end:
Office supplies $ 38,000
Raw materials 84,000
Work-in-process 67,000
Finished goods 74,000
Prepaid insurance 6,000
1. What amount should Morgan report as inventories in its balance sheet?

One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.