Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If sales are $400,000, variable costs are 80% of sales, and income from operations is $40,000, what is the operating leverage? Oa 0.0 O. 15

image text in transcribed
If sales are $400,000, variable costs are 80% of sales, and income from operations is $40,000, what is the operating leverage? Oa 0.0 O. 15 Oc2.0 Od. 13

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

A One Year Accounting Course

Authors: Trevor Gambling

21st Edition

0080130275, 9780080130279

More Books

Students also viewed these Accounting questions

Question

Define offboarding. Why is it important?

Answered: 1 week ago