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Module 4 Scenario Jim Connor is the owner of Frame Gallery, a local framing store...

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Accounting

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Module 4 Scenario Jim Connor is the owner of Frame Gallery, a local framing store located in Nashville, Tennessee. Jim has just received his end of the year financial statements from his accountant. When he sees his gross and net income he is dismayed. With almost $ 250,000 in gross profit he just doesn't understand why he is always short on cash to pay his employees and suppliers. One of his largest suppliers of framing materials notified him just last month that they would no longer extend him credit and he would have to pre-pay all of his orders. He puts a call into his accountant to set up a meeting with her to discuss the financial health of his business. Questions Part 1 I "type of 1. Judging from the information provided, what type of organizational structure was chosen when the Frame Gallery was created as a small business? What do you think are the reasons behind this decision

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