Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

If sales are $307,000, variable costs are 75% of sales, and operating income is $47,800, what is the operating leverage? a. 1.6 b. 4.8 c.

If sales are $307,000, variable costs are 75% of sales, and operating income is $47,800, what is the operating leverage?

a. 1.6

b. 4.8

c. 1.2

d. 0.0

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

Financial Accounting Impact On Decision Makers

Authors: Gary A. Porter, Curtis L. Norton

7th Edition

1111464936, 978-1111464936

More Books

Students also viewed these Accounting questions

Question

★★★★★

Inamra Inc. is a clothing manufacturer. The firm uses a periodic inventory system. Inamra shipped $20,000 of defective goods to a retailer. The retailer and Inamra agreed that the retailer would keep...

Answered: 1 week ago

Question

★★★★★

An inventory loss from market decline of $1854000 occurred in May 2021, after its March 31, 2021 quarterly report was issued. None of this loss was recovered by the end of the year. How should this...

Answered: 1 week ago

Question

★★★★★

Determine the cost of sampling for each of the scenarios in Exercise 6.18 when the initial cost of sampling is ????0 = $750 and the cost of sampling per unit sampled is ???? = $5.

Answered: 1 week ago

Question

★★★★★

A cylinder of radius ro, length L, and thermal conductivity k is immersed in a fluid of convection coefficient hand unknown temperature T. At a certain instant the temperature distribution in the...

Answered: 1 week ago

Question

★★★★★

Consider escalation rates of 12.5% for all costs and 8% for all incomes applied to the following cash flow: C: Cost, I: Income, E: Environmental Remediation Cost, L: Salvage Value Calculate the...

Answered: 1 week ago

Question

★★★★★

In the Keynesian model, the larger the multiplier... Select one: a. the larger the impact of changes in investment on output. b. the smaller the impact of changes in investment on output. c. the less...

Answered: 1 week ago

Question

★★★★★

In an agile lifecycle, who should be involved in all overlapping sprints or releases? Select an answer: everyone on the product team the product manager only You should not overlap sprints or...

Answered: 1 week ago

Question

★★★★★

According to the concept of "position/legitimate power," the CEO has the ultimate responsibility for leading the tasks of forming, implementing, and executing a strategic plan for the whole...

Answered: 1 week ago

Question

★★★★★

Which of the following considerations is legally in sufficient? Tony bought a book for $100. Ruby offers to buy it for $10. Tony bought a text book for $100. He offers to give it to Ruby if Ruby...

Answered: 1 week ago

Question

★★★★★

Suppose you wake-up one morning and all news outlets are reporting the following: Congress has just passed & the president has approved legislation that would change the U. S. currency. Now, instead...

Answered: 1 week ago

Question

★★★★★

Which of the following is clearly an absolute criterion that must be met? Multiple Choice The employee Wellness Center must cost less than $250,000 to build. The band for the picnic should be able to...

Answered: 1 week ago

Question

★★★★★

How does the concept of constitutive rules, which we first discussed in Chapter 4, help explain the misunderstanding between Ed and his manager?

Answered: 1 week ago

Question

★★★★★

How do the ambiguity and abstraction inherent in language explain the misunderstanding between Ed and his manager?

Answered: 1 week ago

Question

★★★★★

How would you suggest that Ed repair the damage done by his absence from the company banquet? What might he say to his manager? How could he use I-language, indexing, and dual perspective to guide...

Answered: 1 week ago

Previous Question Next Question