Use the Information Below to Answer the Following Question(s)

question 59

Multiple Choice

Use the information below to answer the following question(s) .At the high point of the relevant range, labour hours at Bradco Restoration were 10,000 and wages were $22,500.At the low point of the relevant range, labour hours were 7,500 and wages were $17,500.
-Using the high-low method determine the slope coefficient per labour hour at Bradco Restoration?

• A)$5.25
• B)$4.00
• C)$2.00
• D)$0.50
• E)$0.25

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Definitions:

Economic Exposure

The risk that a company's cash flow, earnings, or future value will be affected by changes in exchange rates.

May Coffee Futures

Agreements that bind the purchaser to buy, and the seller to sell coffee, at an agreed price and date in the future.

Lifetime High

The highest price level reached by a stock, bond, or other security during its entire trading history.

Lifetime Low

The lowest price level that a stock or security has reached over the entirety of its trading history.