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Homework: Homework 20 Save HW Score: 97.22%, 5 83 of 6 pts Score: 0.83 of 1 pt 5 of 6 (6 complete) &520-15 (similar to)
Homework: Homework 20 Save HW Score: 97.22%, 5 83 of 6 pts Score: 0.83 of 1 pt 5 of 6 (6 complete) &520-15 (similar to) Question Help Funtime Park competes with Slide World by providing a variety of rides. Funtime Park sells tickets at $100 per person as a one-day entrance fee. Variable costs are $20 per person, and fixed costs are $480,000 per month. The breakeven number of tickets is 6,000. If Funtime Park expects to sell 7,500 tickets, compute the degree of operating leverage (round to two decimal places). Estimate the operating income if sales increase by 10% Begin by selecting the formula labels and then entering the amounts to compute the degree of operating leverage for Funtime Park. (Round the degree of operating leverage to two decimal places x.xx) Contribution margin Operating incomeDegree of operating leverage 600,000 120,000 Estimate the new operating income if total sales increase by 10%, (Round your final answer to the nearest dollar) The estimated operating income will be $ Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Check
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