Short Answer
Canadian Can Co. operates a profit-sharing plan wherein half the annual profits are distributed to employees. By agreement, the amounts received by individual executives, supervisors, and production workers are to be in the ratio of 10: 7: 5 respectively. During the last fiscal year, there were 4 executives, 8 supervisors, and 45 production personnel. What profit-sharing amount will each executive, supervisor, and production worker receive if the year's profit was $265,000?
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Executive = $4,127.7...View Answer
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Correct Answer:
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