Suppose compensation is given by W = 512,000 + 217
+ 10.08S, where W = total compensation of the CEO,
= company profits (in millions) = $200, and S = Sales (in millions) = $400.What percentage of the CEO's total earnings are tied to profits of the firm:
A) 8.2%.
B) 10.9%.
C) 7.8%.
D) 5.1%.
Correct Answer:
Verified
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