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Hertz wishes to incentivizeitsCEO to achieve corporate goals.A wage function for the CEO is given by W = 512,000 + 0.0025+ 0.01S.Here W is wage,is
Hertz wishes to incentivizeitsCEO to achieve corporate goals.A wage function for the CEO is given by W = 512,000 + 0.0025+ 0.01S.Here W is wage,is profit and S is sales.Given profits are $200 million, andsales are $400 million, what percent of the Hertz'sCEO'ssalary is tied to profits of the firm?(nearest tenth)
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