A Newly Created Design Business Called Smart Art Is Just

question 154

Multiple Choice

A newly created design business called Smart Art is just finishing up its first year of operations.During the year,there were credit sales of $40,000 and collections of $36,000.One account for $650 was written off.Smart Art uses the aging method to account for uncollectible account expense,and has calculated an amount of $200 as their estimate of uncollectible amounts at year-end.
-At the end of the year,what is the ending balance in Accounts receivable?

• A) $4,000
• B) $36,000
• C) $3,350
• D) $39,350

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Definitions:

Network Organization

Liaisons between specialist organizations that rely strongly on market mechanisms for coordination.

Coordination

The management of dependencies between activities.

Span

Often used in the context of "span of control," referring to the number of subordinates that a manager or leader can effectively oversee.

Mechanistic Structures

Organizational frameworks characterized by rigid procedures, a clear hierarchy, and centralized decision-making.