Cullumber Sports Hut provides individual instruction and coaching to children participating in the city's baseball, softball,...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6653f8be77470_1986653f8be0a881.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6653f8bf146d2_1986653f8beacc4f.jpg)
Transcribed Image Text:
Cullumber Sports Hut provides individual instruction and coaching to children participating in the city's baseball, softball, basketball, and soccer youth leagues. Last year's results were as follows: Sales revenue $1,030,000 Variable expenses 659,200 Contribution margin 370,800 Fixed expenses 254,925 Operating income $115,875 (a) Your answer is correct. What is Cullumber Sports Hut's degree of operating leverage? (Round answer to 2 decimal places, eg. 52.75.) Operating leverage 32 Cullumber Sports Hut provides individual instruction and coaching to children participating in the city's baseball, softball, basketball, and soccer youth leagues. Last year's results were as follows: Sales revenue $1,030,000 Variable expenses 659,200 Contribution margin 370,800 Fixed expenses 254,925 Operating income $115,875 (a) Your answer is correct. What is Cullumber Sports Hut's degree of operating leverage? (Round answer to 2 decimal places, eg. 52.75.) Operating leverage 32
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The lessor who manufactured the equipment it leases to the lessee recognizes the same amount of income (revenue minus expenses) over the term of a lease as the lessee recognizes as expenses. Do you...
-
How should grants received towards the cost of buying property, plant and equipment be treated? (Appendix)
-
Costing for joint products is useful in decision making and in determining selling prices. Discuss. mko7
-
Duval Co. issues four- year bonds with a $ 100,000 par value on June 1, 2013, at a price of $ 95,948. The annual contract rate is 7%, and interest is paid semiannually on November 30 and May 31. 1....
-
(9) What is a convertible bond? What situation will induce the convertible bondholders to convert the bond into the underlying stock?
-
At Peterson State High School, exam results in both Economics and Legal Studies are known to be normally distributed. The mean Economics exam result is 73 marks and the standard deviation is 8 marks....
-
how about the temperature at top of aluminum surface which is place above the adhesive material
-
Consider two firms that operate in a perfectly competitive market. While producing their products, these firms generate pollution. Assume that it is possible to reduce pollution by adopting an...
-
At 3 1 st March, 2 0 2 3 , AB Ltd , had an Authorized Capital of K 3 5 , 0 0 0 divided into 1 0 , 0 0 0 7 . 5 % noncumulative per share being due on 3 0 th June, 1 9 6 4 . per share paid, the...
-
A Leadership and Workforce Development Perspective. The literature review should discuss the related literature, organized by topic or themes (not a list of sources). A literature review includes...
-
Critical Success Factors (CSF) are elements that are necessary for an organization or a project to attain its objectives. For example, Chief Executive support is a CSF for corporate sustainability...
-
Ultra Ceramic Products presented the following data for its operations for the month of October, 2020: Dept 1 Work in process, July t. 1(Conversion costs, 60%) 7,000 units Transferred to Dept 2 Work...
-
The Treasury bill rate is 3% and the market risk premium is 7%. ProjectBetaInternal Rate of Return, %P1.1018Q0.0014R3.0024S0.5015T2.5026 a. What are the project costs of capital for new ventures with...
-
S. Patak and Smelley Co. manufactures foot devices for athletes and dancers. They usually have to wait 4 weeks for delivery of materials, and the usage rate is normally 25 devices a week. The...
-
The Neil Corp. has a contract with a large aircraft company and has five tasks to perform before the contract will be completed. The following information was collected by Neil: plo96 Activity...
-
Required: a Draw a representation of the PERT network, identifying the expected duration of each activity. b Prepare a schedule for the PERT network showing 7,., 7,, and S. pg75 Type of activity...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App