Jane Maxwell Is a Financial Planner at Trifle Consulting

question 83

Multiple Choice

Jane Maxwell is a financial planner at Trifle Consulting. Her estimated salary cost per billable hour is $100. The estimated overhead cost per professional labour dollar for Trifle Consulting is 20 per cent and the required profit margin is 40 per cent of cost. What is Jane's chargeout rate per billable hour?

• A) $100
• B) $120
• C) $140
• D) $168

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Definitions:

Expensive

Involving high cost or price; something that is costly.

Cheap

Describes goods or services that are available at a low cost, making them easily affordable.

Paradox

A statement or proposition that, despite sound reasoning from acceptable premises, leads to a conclusion that seems logically unacceptable or self-contradictory.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price or other economic factors.