Based on the Following Data for the Current Year, What

question 18

Multiple Choice

Based on the following data for the current year, what is the days' sales in inventory (rounded to the next whole day) ? ? $$\begin{array} { l r } \text { Net sales on account during the year } & \$ 1,204,000 \\\text { Cost of merchandise sold during the year } & 630,000 \\\text { Accounts receivable, beginning of year } & 75,000 \\\text { Accounts receivable, end of year } & 85,000 \\\text { Inventory, beginning of year } & 81,600 \\\text { Inventory, end of year } & 98,600\end{array}$$

• A) 58
• B) 30
• C) 48
• D) 53

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Definitions:

Functional Structure

an organizational configuration that groups together employees based on their specific functions or roles within the company.

Divisional Structural Form

An organizational structure where operations are divided into autonomous divisions based on product, service, market, or geographic location.

Matrix Structure

An organizational structure that combines two or more types of departmentalization, often product and functional, giving rise to a complex grid of interdepartmental relationships.

Horizontal Structure

An organizational design that minimizes hierarchical levels, promoting a decentralized decision-making process, and encouraging collaboration across departments.