Question
Explain operating leverage and why the following quote about it is true/accurate: Operating leverage is a great thing once a company passes its breakeven point,
Explain operating leverage and why the following quote about it is true/accurate: "Operating leverage is a great thing once a company passes its breakeven point, but it can cause substantial losses if breakeven is never achieved...it's risky".
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Financial and Managerial Accounting
Authors: John J Wild, Ken W. Shaw
8th edition
1260247856, 978-1260247855
