Define the term operating leverage and explain how it affects profits.

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Question Posted: Jan 03, 2012 03:57 AM

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Define the term operating leverage and explain how it affects profits.

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Operating leverage is the condition whereby a small percentage increase in sales volume can prod...View the full answer

Survey of Accounting

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