Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 08, 2024

If a company's contribution margin is $5/unit, and its total operating profit for the year is $2,000, calculate its degree of operating leverage if 5,000

If a company's contribution margin is $5/unit, and its total operating profit for the year is $2,000, calculate its degree of operating leverage if 5,000 units were sold. Select one: a. 15 times b. 12.5 times c. 10 times d. 5.5 times

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

Accounting The Ultimate Guide To Accounting Principles

Authors: Greg Shields

1st Edition

1722964839, 978-1722964832

Students also viewed these Accounting questions

Question

★★★★★

A random sample of 41 observations from a normal population possessed a mean p = 88 and a standard deviation s = 6.9. a. Test H0: 2 = 30 against Ha: 2 > 30. Use = .05. b. Test H0: 2 = 30 against Ha:...

Answered: 1 week ago

Question

★★★★★

Fourier Series and Fourier Transforms. Given a rectangular pulse as shown in Figure 134, with amplitude A, width T, and period T0, we can compute and plot the coefficients in the corresponding...

Answered: 1 week ago

Question

★★★★★

Does exposure to interpersonal violence foster subsequent aggressive behavior?

Answered: 1 week ago

Question

★★★★★

In December 2016, the first five transactions of Atkins Lawn Care Company have been posted to the T-accounts. Prepare the journal entries that served as the sources for the five transactions. Include...

Answered: 1 week ago

Question

★★★★★

These account balances at December 31 relate to Sportaid Inc.: Sportaid's net income for the period is $119,600 and beginning common shareholders' equity is $681,400, and it deciared the full amount...

Answered: 1 week ago

Question

★★★★★

Prince Corporation acquired 100 percent of Sword Company on January 1, 20x7. for $184,000. The trial balances for the two companies on December 31, 20x7. included the following amounts: Sword Company...

Answered: 1 week ago

Question

★★★★★

2 . 1 Outline the key principles of effective negotiation skills in the context of suppliermanagement. Discuss how these principles contribute to achieving mutuallybeneficial outcomes in supplier...

Answered: 1 week ago

Question

★★★★★

firm for this operation. Fresh Made will still use its own dechaffing operation as much as possible, but it can purchase additional capacity from this outside firm for $75 per hour. Should Fresh Made...

Answered: 1 week ago

Question

★★★★★

c) Problem 3 (16 pts): On each of the cells below, draw a unique plane from the family of {111} planes and all the directions from the (I 10) family that lie in each plane. These constitute the...

Answered: 1 week ago

Question

★★★★★

10. Do the same with the file lab1.input2. Are the values set to the values that you expected? Why or why not? Did you learn anything that you didn't know about how input is interpreted?

Answered: 1 week ago

Question

★★★★★

12. Four numbers are selected from the numbers 1-12. What is the probability that more than two are divisible by 3? 13. In how many ways could a 4-member committee of Math teachers be formed from 12...

Answered: 1 week ago

Question

★★★★★

OUTCOME 1 Explain the political, economic, sociocultural, and technological factors in different countries that HR managers need to consider.

Answered: 1 week ago

Question

★★★★★

OUTCOME 4 Differentiate the forms of bargaining power that a union and an employer may utilize to enforce their bargaining demands.

Answered: 1 week ago

Question

★★★★★

3. Graduate students in many Canadian universities are members of unions, such as CUPE Local 3903. These students help conduct tutorials, grade student examinations, etc. Do you think university...

Answered: 1 week ago

Previous Question Next Question