Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

A company reports total contribution margin of $84,000 and a pretax net income of $14,000 for the current month. The degree of operating leverage is?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

GAO Financial Audit Manual Volume 3 June 2018

Authors: United States Government GAO

2018 Edition

979-8733166001

More Books

Students also viewed these Accounting questions

Question

★★★★★

Listed below are the blood alcohol concentrations (g/dL) of drivers convicted of drunk driving in fatal car crashes (based on data from the National Highway Traffic Safety Administration). 0.09 0.11...

Answered: 1 week ago

Question

★★★★★

3 explain the role of the sales forecast in financial planning;

Answered: 1 week ago

Question

★★★★★

5. Both osmoreceptors and baroreceptors stimulate the release of antidiuretic hormone (ADH) from the pituitary gland. ADH signals the kidneys to reduce urine production and initiates a sequence...

Answered: 1 week ago

Question

★★★★★

Santana Company sold 100,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $850,000; variable costs, $675,000; and fixed costs, $150,000....