Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with a and b, i need the excel formulas You estimate that your cattle farm will generate $1 million of profits on sales

please help with a and b, i need the excel formulasimage text in transcribed

You estimate that your cattle farm will generate $1 million of profits on sales of $4 million under normal economic conditions and that the degree of operating leverage is 8 . a. What will be the percentage change in profits if sales turn out to be $3.5 million? b. What will be the percentage change in profits if sales turn out to be $4.5 million? Note: Use cells A7 to B11 from the given information to complete this question. You should use the hardcoded number "1" in your formulas. No other hardcoded numbers may be used. A negative answer should be indicated by a minus sign

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

Understanding Healthcare Financial Management

Authors: Louis C. Gapenski, George H. Pink

6th Edition

1567933629, 9781567933628

More Books

Students also viewed these Finance questions

Question

In a hypothesis test, what does the power of the test measure?

Answered: 1 week ago