Answer the Following Questions Using the Information Below

question 149

Multiple Choice

Answer the following questions using the information below:
Wallace Company provides the following data for next year:
The gross profit rate is 40% of sales. Inventory at the end of December is $21,600 and target ending inventory levels are 30% of next month's sales, stated at cost.
-Purchases budgeted for February total:

• A)$69,120
• B)$60,480
• C)$115,200
• D)$64,800

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Definitions:

Matrix Organizational Structure

A complex organizational design that combines elements of both functional and project- or product-based structures.

Substantive Conflicts

Refers to disagreements over goals, resources, rewards, policies, procedures, and job assignments, which are fundamental to the tasks or the objectives of an organization.

Emotional Conflict

Conflict that results from feelings of anger, distrust, dislike, fear, and resentment, as well as from personality clashes.

Allocation of Resources

The process of distributing available resources, such as time, money, and manpower, among various projects or departments.