Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

Based on expected sales, a firm has an operating leverage (DOL) of 3 and operating profits of $60,000. if the firm's sales is 5% higher

Based on expected sales, a firm has an operating leverage (DOL) of 3 and operating profits of $60,000. if the firm's sales is 5% higher than the expected sales, the firm's operating profits will be

A. $66,000

B. $60,000

C. $69,000

D. $63,000

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

Horngrens Accounting

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood

11th Canadian Edition Volume 2

0135359783, 978-0135359785

More Books

Students also viewed these Accounting questions

Question

★★★★★

Deer Company has the following amounts in the Stockholders' Equity category of the balance sheet at December 31, 2012: Preferred Stock, $100 par, 8%, noncumulative (liquidation value of $110 per...

Answered: 1 week ago

Question

★★★★★

Transfer-pricing methods, goal congruence. (30 minutes) IlmajokiLumber, Oy, has a Raw Lumber Division and Finished Lumber Division. The variable costs are: Raw Lumber Division: EUR 100 per 100...

Answered: 1 week ago

Question

★★★★★

If Y is the variable that represents the number shown in the counter, write down the probability function of Y, and hence find its mean and variance. (The distribution of Y in this exercise is an...

Answered: 1 week ago

Question

★★★★★

The Sea Wharf Restaurant would like to determine the best way to allocate a monthly advertising budget of $1000 between newspaper advertising and radio advertising. Management decided that at least...

Answered: 1 week ago

Question

★★★★★

Shimada Products Corporation of Japan is anxious to enter the electronic calculator market. Management believes that in order to be competitive in world markets, the price of the electronic...

Answered: 1 week ago

Question

★★★★★

6 . It was found that an employee, without proper authorization, installed a file - sharing application on a corporate server, which provided covert access to the hacker into the company's network....

Answered: 1 week ago

Question

★★★★★

Explain the process of MBO

Answered: 1 week ago

Question

★★★★★

What is the H-C-H bond angle in a methane molecule? [A] 120 [B] 75 [C] 109.5 [D] 150

Answered: 1 week ago

Question

★★★★★

Which of the following metals finds its use as a radiocontrast agent in X-ray imaging? [A] Scandium [B] Lithium [C] Barium [D] Titanium

Answered: 1 week ago

Question

★★★★★

What are the structures formed by the soap molecules, during cleansing, known as? [A] Stearates [B] Esters [C] Micelles [D] Tubes

Answered: 1 week ago

Question

★★★★★

Which one of the following materials is very hard and very ductile? [A] Carborundum [B] Tungsten [C] Cast iron [D] Nichrome

Answered: 1 week ago

Question

★★★★★

Suppose that Sudbury Mechanical Drifters is proposing to invest $10.4 million in a new factory. It can depreciate this investment straight-line over 10 years. The tax rate is 35%, and the discount...

Answered: 1 week ago

Question

★★★★★

2. To store it and

Answered: 1 week ago

Question

★★★★★

3. Give three examples from your own everyday life where a piece of communi-cation is structured into a linear sequence, i.e. B is the cause of A.

Answered: 1 week ago

Question

★★★★★

2. What information is conveyed through a particular type of metaphor? The answer to the question gives us insight into what code the person using the metaphor uses, and thus an insight into how...

Answered: 1 week ago

Previous Question Next Question