Consider the Following Salaries for the Executives of a Certain

question 347

Short Answer

Consider the following salaries for the executives of a certain company.
\\ { \text { Position } } & \text { Salary } \\\text { President } & \$ 150,000 \\\text { 1st VP } & \$ 140,000 \\\text { 2nd VP } & \$ 100,000 \\\text { Supervising manager } & \$ 65,000 \\\text { Accounting manager } & \$ 35,000 \\\text { Personnel manager } & \$ 35,000 \\\text { Department manager } & \$ 29,000 \\\text { Department manager } & \$ 29,000\end{array}">$$\begin{array} { l l } \text { cellpadding="0" cellspacing } = " 0 " \text { width } = " 58 \% " \text { border } = " 0 " > \\ { \text { Position } } & \text { Salary } \\\text { President } & \$ 150,000 \\\text { 1st VP } & \$ 140,000 \\\text { 2nd VP } & \$ 100,000 \\\text { Supervising manager } & \$ 65,000 \\\text { Accounting manager } & \$ 35,000 \\\text { Personnel manager } & \$ 35,000 \\\text { Department manager } & \$ 29,000 \\\text { Department manager } & \$ 29,000\end{array}$$ Round your answer to the nearest cent. What is the mean? $ __________

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Definitions:

Sales Mix

The proportion of different products or services that a company sells, reflecting its strategy to achieve profitability.

Fixed Costs

Costs that do not vary with the level of production or sales over a certain range and within a certain period.

Cost Structure

The composition of expenses a business incurs in the process of creating a product or service, including fixed, variable, and semi-variable costs.

Sales Volume

The total quantity of goods or services sold by a company during a specific period.