Answer: <em><u>Adhocracy best describes You're Kidding Me's organizational culture.</u></em>
<u><em>Adhocracy: It is a flexible fictile, and casual organizational structure without official policies or routine.</em></u>
i.e. The company's primary vision is innovation and quick adaptation to the changing environment of the gaming industry, particularly for children. The CEO of the company values creativity and frequently urges her employees to think outside-the-box in order come up with the next big idea.
Answer:
movement along the demand curve: i
shift in the demand curve: ii, iii, iv, vi
no effect: v
Explanation:
A change in the price of the product causes quantity demanded to change. It will be indicated by a movement on the same demand curve.
A change in other factors will cause the demand for the product to change. It is indicated by a shift in the demand curve.
i. Change in the market price: movement along the demand curve
ii. Change in income: shift in the demand curve
iii. Change in consumer expectations: shift in the demand curve
iv. Change in the price of a related good: shift in the demand curve
v. Change in the price of an unrelated good: no effect
vi. Change in preferences for this good: a shift in the demand curve
Tips are considered <u>taxable income.
</u>Although they are a bonus that you get from your customers, on top of your paycheck, you still have to pay a tax on your tips given that in America, tips are considered to be a type of income. You'd get a dividend from a company, not from customers. Gain is just another word for profit. <u>
</u>
Answer:
4%
Explanation:
For Builtrite, we can find the probability of cash flows by using the following formula:
Z = (X - C) / S
Average Cash Flow is $16000 which denoted by "C"
Standard Deviation is $4000 and is denoted by "S"
And
For cash flows that are less than $9000 which is denoted by X in the equation, "Z" can be calculated as under:
Z = (X - C) / S = ($9,000 - $16,000) / $4,000 = -1.75
As Z is less than -1.75, now we can see that the probability from the Z-table is 4% for -1.75.
Hence the probability of cash flow below $9,000 is 4%.
Answer: She had an economic loss of $8,000.
Explanation:
Economic profit = Accounting profit - Opportunity cost
Accounting profit = Revenue - Total Cost.
Monica's Opportunity cost is the amount she would have been earning if she didn't start her business. It is $50,000.
Total cost = $1500 × 12 = $18,000
Accounting profit = $60,000 - $18,000 = $42,000
Economic loss = $42,000 - $50,000 = $ -8000