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Groucho Corporation and Harpo Company Are Movie Companies Assume That Each 20X4 Dollar Is Equivalent to 1

Question 26

Multiple Choice

Groucho Corporation and Harpo Company are movie companies. Comparative data for 20X4 and 20X5 are given below.  Groucho  Harpo  Corporation  Company  Sales revenue 20×4$8,400,000$4,400,00020×59,600,0006,200,000 Number of employees 20×48,0005,50020×59,0007,000\begin{array}{llll}&&\text { Groucho } & \text { Harpo } \\&&\text { Corporation } & \text { Company }\\\text { Sales revenue } & 20 \times 4 & \$ 8,400,000 & \$ 4,400,000 \\& 20 \times 5 & 9,600,000 & 6,200,000 \\\\\text { Number of employees } & 20 \times 4 & 8,000 & 5,500 \\& 20 \times 5 & 9,000 & 7,000\end{array} Assume that each 20X4 dollar is equivalent to 1.50 of the 20X5 dollars, due to inflation. is Harpo Company's 20X4 revenue per employee in terms of 20X5 dollars.


A) $800.00
B) $1,328.57
C) $885.71
D) $1,200.00

Correct Answer:

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