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Menlove Company prepared the following income statement for the most recent year: Sales (1,000 units) $20,000 Less: Variable expenses 12,000 Conribution margin 8,000 Less: Fixed
Menlove Company prepared the following income statement for the most recent year:
| Sales (1,000 units) | $20,000 |
| Less: Variable expenses | 12,000 |
| Conribution margin | 8,000 |
| Less: Fixed expenses | 6,000 |
| Net income | $2,000 |
Calculate the degree of operating leverage:
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Cash, Corruption And Economic Development
Authors: Vikram Vashisht
1st Edition
1032096888, 9781032096889
