Various Financial Data for SunPath Manufacturing for 2012 & 2013

question 43

Multiple Choice

Various financial data for SunPath Manufacturing for 2012 & 2013 follow. $\begin{array}{c}\begin{array}{ll}\\\text { Output: } & \text { Sales } \\\text { Inputs: } & \text { Labor } \\& \text { Raw Materials: } \\& \text { Energy: } \\& \text { Capital Employed: } \\& \text { Other: }\end{array}\begin{array}{rr}\underline{2012} & \underline{2013} \\\$ 300,000 & \$ 330,000 \\\$ 40,000 & \$ 43,000 \\\$ 45,000 & \$ 51,000 \\\$ 10,000 & \$ 9,000 \\\$ 250,000 & \$ 262,000 \\\$ 2,000 & \$ 6,000\end{array}\end{array}$
What is the percentage change in SunPath's total productivity measure between 2012 & 2013?

• A) -9.22
• B) 2.33
• C) -0.53
• D) 2.88
• E) 10.39

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Definitions:

Budget Line

An illustrative chart showing every possible pair of two items that a specific budget and set prices allow to be acquired.

Labor Income

Earnings derived from work or employment, including wages, salaries, bonuses, and other compensation.

Tax Rate

The percentage at which an individual or corporation is taxed, often applied to income or transactions.

Lump Sum Payment

A single payment made at a particular time, as opposed to a series of smaller payments or installments.