Dilbert's Incorporated Produced 6,000,000 Units of Software in 2010

question 18

Multiple Choice

Dilbert's Incorporated produced 6,000,000 units of software in 2010.At the start of 2011 the pointy-haired boss raised employment from 10,000 total annual hours to 14,000 annual hours and production was 7,000,000 units.These number indicate that productivity

• A)fell by about 16.7%.
• B)stayed the same.
• C)rose by about 16.7%.
• D)rose by about 40%.

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Definitions:

Imputed Interest Rules

Tax regulations that assign an interest rate to financial transactions that do not have an explicit interest rate, affecting the taxable income of the parties involved.

Sales

Transactions involving the exchange of goods or services for money or other compensation.

Certain Carrying Charges

Expenses necessary for holding or maintaining property, which may be deductible for tax purposes.

State Income Tax Refund

State income tax refund is the money returned to a taxpayer from the state government if they overpaid their state income taxes.