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Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.59 per mile driven. Joyce has determined that if she dives 2,900 miles
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.59 per mile driven. Joyce has determined that if she dives 2,900 miles in a month, her total operating cost is $832. If she drives 4,900 miles in a month, her total operating cost is $1,092 Joyce has used the high-low method to determine that her monthly cost equation is total monthly cost =$455+$0.13 per mile driven Required: 1. Determine how many miles Joyce needs to drive to break even 2. Calculate Joyce's degree of operating leverage if she drives 5100 miles 3. Suppose Joyce took a week off and her sales for the month decreased by 28 percent Using the degree of operating leverage: calculate the effect this will have on her profit for that month. Complete this question by entering your answers in the tabs below. Determine how many miles Joyce needs to drive to break even. (Round youl intemediate calculations to 2 decimat places and final answer to the neareit whiole number.) Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.59 per mile driven. Joyce has determined that if she drives 2,900 miles in a month, her total operating cost is $832. If she drives 4,900 miles in a month, her total operating cost is $1,092 Joyce has used the high-low method to determine that her monthly cost equation is total monthly cost =$455+$0.13 per mile driven. Required: 1. Determine how many miles Joyce needs to dirive to break even 2. Calculate Joyce's degree of operating leverage if she drives 5100 miles. 3. Suppose Joyce took a week off and her sales for the month decreased by 28 percent Using the degree of operating leverage calculate the effect this wil have on her profit for that month Complete this question by entering your answers in the tabs below. Calculate boyce's degree of operating leverage if she drives 5,100 indes. (Resund your interme4tiate cakculations to 2 deomai places and firal answer to 4 decimal places.) Joyce Murphy runs a courier service in downtown Seattle. She charges ciients $0.59 per mile driven. Joyce has determined that if she drives 2,900 mies in a month, her total operating cost is $832. If she drives 4,900 miles in a month, her total operating cost is $1.092 Joyce has used the high-low method to determine that her monthly cost equation is total monthly cost =$455+$0.13 per mile driven. Required: 1. Determine how many mies Joyce needs to drive to break even. 2. Calculate Joyce's degree of operating leverage if she drives 5,100 miles 3. Suppose Joyce took a week off and her sales for the month decreased by 28 percent. Using the degree of operating leverage. calculate the effect this wiil have on her profit for that month Complete this question by entering your answers in the tabs below. Suppooe Joyce took a week off and her sales for the monti decressed by 28 percent. Using the degree of operating leverage. calculate the effect this will have on her profit for that month. Goound your intermediate calculations and final answer to 4 ducimal places- (h.e. 123456 should be entered as 12.345 e
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