Multiple Choice
Suppose compensation is given by W = 100,000 + 157 + 12S,where W = total compensation of the CEO, = company profits (in millions) = $340,and S = sales (in millions) = $700.What percentage of the CEO's total earnings is tied to sales of the firm?
A) 5.2 percent
B) 13.5 percent
C) 19.6 percent
D) 33.0 percent
Correct Answer:
Verified
Correct Answer:
Verified
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