Answer:
Mechanistic Organizations Organic Organizations
- Few teams and task force - Few rules and procedures
- Formalized communication - Shared tasks
- Centralized hierarchy of authority - Flatter structure
- Narrow span of control - Many teams and task force
- Many rules and procedures - Decentralized hierarchy of authority
- Specialized task - Informal communication
- Taller structure - Narrow span of control
Answer:
Most bookkeepers will prepare three major financial statements for your business—the profit and loss statement, balance sheet, and cash flow statement. It's a good idea to have updated financial statements every month, and then again at year end
Answer:
EBIT is $11.67 million
Explanation:
For computing the EBIT, first we have to calculate the operating cash flow which is shown below:
FCF = Operating cash flow – Investment in operating capital
$8.19 million = Operating cash flow - $2.19 million
So, the Operating cash flow = $10.38 million
Now we apply the operating cash flow which is shown below:
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
$10.38 million = EBIT + $0.9 million -2.19 million
$10.38 million = EBIT - $1.29 million
So, EBIT is $11.67 million
Answer:
marginal product of labor = 5 widgets per hour
Explanation:
In order to maximize profits, the firm must produce the output quantity where marginal revenue = marginal cost. In this case, the marginal revenue is $2, so the marginal cost must also be $2.
If hiring the last widget maker costs $10 per hour, and the marginal cost per widget is $2, then the worker must be able to produce 5 widgets.
