Upon Taking His First Job Out of College,your Dad Earned

question 81

Multiple Choice

Upon taking his first job out of college,your Dad earned an annual salary of $38,000 and set a goal to earn $100,000 per year.If his salary increased at an average annual rate of 12%,how long did it take to reach his goal?

• A)At that rate of growth,your Dad still has not earned $100,000 in a single year.
• B)2.63 years
• C)26.31 years
• D)8.54 years

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Definitions:

Centre-Of-Gravity Method

A mathematical technique used for finding the best location for a single distribution point that services several stores or areas.

Centralized Facility

describes a single location where operations or decision-making processes are concentrated, often to leverage efficiency or control.

Distribution Centre

A specialized facility that is responsible for receiving, storing, and distributing products to retailers or customers.

Labour Cost

The expense associated with the work performed by employees, encompassing salaries, wages, and additional benefits.