Question
a.You estimate your cattle farm will generate $0.15 million of profits on sales of $ 3 million under normal economic conditions and that the degree
a.You estimate your cattle farm will generate $0.15 million of profits on sales of $ 3 million under normal economic conditions and that the degree of operating leverage is 2. Enter 0 of required and enter answer in millions
Profit will be _________ to __________ million
b. What if they are $ 4.5 million?
Profit will be _________ to __________ million.
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
