Suppose the Annual Salaries of Three People Are: What

question 10

Multiple Choice

Suppose the annual salaries of three people are: What are their salaries if they are given a 4% raise, and then the result is rounded to the nearest $1,000 using Hamilton's plan with a cap on the total salaries of $113,000? ​

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Definitions:

Operating Assets

Assets that are used for day-to-day functioning of a business and generating revenue, such as inventory, machinery, and buildings.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the ratio of net profit to the initial cost of the investment.

Controllable Margin

The portion of profit or margin over which management has control, usually excluding fixed costs.

Operating Assets

Assets that are used for the day-to-day operations of a business, intended to generate revenue.