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Fred Corporation and Ginger Company Are Dance Companies Assume That Each 20X3 Dollar Is Equivalent to 1

Question 126

Multiple Choice

Fred Corporation and Ginger Company are dance companies.Comparative data for 20X3 and 20X6 are given below.  Fred  Ginger  Corporation  Company  Sales revenue 20X3$6,300,000$4,500,00020X67,500,0006,000,000 Number of employees 20X33,0002,25020X64,0003,250\begin{array}{lrrr}&&\text { Fred } & \text { Ginger } \\&&\text { Corporation } & \text { Company }\\\hline\text { Sales revenue } & 20 \mathrm{X} 3 & \$ 6,300,000 & \$ 4,500,000 \\& 20 \mathrm{X} 6 & 7,500,000 & 6,000,000 \\& & & \\\text { Number of employees } & 20 \mathrm{X} 3 & 3,000 & 2,250 \\& 20 \mathrm{X} 6 & 4,000 & 3,250\end{array} Assume that each 20X3 dollar is equivalent to 1.50 of the 20X6 dollars, due to inflation._____ is Fred Corporation's 20X3 revenue per employee in terms of 20X6 dollars.


A) $3,150.00
B) $2,100.00
C) $2,142.86
D) $1,800.00

Correct Answer:

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