Suppose a firm manager has a base salary of $85,000 and earns 0.5 percent of all sales. Determine the manager's income if revenues are $2,000,000 and profits are $500,000.
A. $50,000
B. $95,000
C. $170,000
D. $87,500
Answer: B
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Which of the following is true of a duopoly with differentiated products?
A) A firm loses all its customers when its rival lowers the price of its product. B) A firm does not lose all its customers when its rival lowers the price of its product. C) A firm faces a perfectly elastic demand curve. D) A firm faces a perfectly inelastic demand curve.
If the government begins to run a larger budget deficits, then assuming there is no Ricardo-Barro effect, the demand for loanable funds ________ and the real interest rate ________
A) decreases; falls B) decreases; rises C) increases; rises D) increases; falls
The holder of a corporate bond
a. receives a guaranteed dividend payment each year b. can vote at shareholder meetings c. can vote only for the board of directors at shareholder meetings d. is a part owner of the business e. receives, at most, a stated interest payment on the investment
Suppose the growth rate of Carolina is 5 percent. According to the rule of 70, it will take _____ years for the economy to double in size
a. 20 b. 14 c. 30 d. 40