Question
A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 40% of sales, while fixed
A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 40% of sales, while fixed cost will be $405,691. The first years sales estimates are $1,250,000. Calculate the firms degree of operating leverage (DOL).
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
