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The CEO has promised that any increase in revenues from investments in
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21 Oct 2024, 21:50
21 Oct 2024, 21:50
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Question Stats:
80% (01:50) correct
20% (03:09) wrong based on 5 sessions
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The following tables show the revenues & costs, in thousands of dollars, for a small company in the year 2007.
The CEO has promised that any increase in revenues from investments in 2008 will go toward increasing the R&D budget. Assume that revenues from investments increase by 40% from 2007 to 2008, and that these additional funds are the only change to the R & D budget. By what percent does the R & D budget increase?
A. 2.8%
B. 4.0%
C. 11.5%
D. 28.3%
E. 56.6%
The CEO has promised that any increase in revenues from investments in 2008 will go toward increasing the R&D budget. Assume that revenues from investments increase by 40% from 2007 to 2008, and that these additional funds are the only change to the R & D budget. By what percent does the R & D budget increase?
A. 2.8%
B. 4.0%
C. 11.5%
D. 28.3%
E. 56.6%
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Re: The CEO has promised that any increase in revenues from investments in
[#permalink]
23 Oct 2024, 00:24
23 Oct 2024, 00:24
40% of 2007 investment income = 21.2
2008 R&D cost = 75 + 21.2 = 96.2
Percentage increase = 29.3%. Hence, D
2008 R&D cost = 75 + 21.2 = 96.2
Percentage increase = 29.3%. Hence, D
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