Groucho Corporation and Harpo Company Are Movie Companies Assume That Each 20X0 Dollar Is Equivalent to 1
Groucho Corporation and Harpo Company are movie companies. Comparative data for 20X0 and 20X1 are given below. Assume that each 20X0 dollar is equivalent to 1.60 of the 20X1 dollars, due to inflation. is Groucho Corporation's 20X0 revenues per employee in terms of 20X1 dollars.
A) $1,600.00
B) $1,083.08
C) $1,422.22
D) $1,280.00
Correct Answer:
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