FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 14 (2 points) Ingram Ltd. has, for the last 17 years, manufactured tools used in construction. The company has the following information available for

image text in transcribed

Question 14 (2 points) Ingram Ltd. has, for the last 17 years, manufactured tools used in construction. The company has the following information available for the past year: Total sales $425,000 Total operating income $38,000 Degree of operating leverage 9.50 If sales decreased by 5%, what is the new operating income? A/

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

The Home Energy Audit Your Guide To Understanding And Reducing Your Home Energy Costs

The Home Energy Audit Your Guide To Understanding And Reducing Your Home Energy Costs

Authors: Richard Montgomery

1st Edition

ISBN: 0471864668, 978-0471864660

More Books

Students also viewed these Accounting questions

Question

★★★★★
A piece of gold wire of length L has a resistance R0. Suppose the wire is drawn out so that its length increases by a factor of three. What is the new resistance R in terms of the original resistance?

Answered: 1 week ago

Question

★★★★★
Which of the following describes the idea that psychological disorders can be diagnosed and treated? a. Taijin-kyofusho b. The DSM c. The biopsychosocial approach d. Amok e. The medical model

Answered: 1 week ago

Question

★★★★★
Discuss potential problems that can occur in a WLAN environment at St. Lukes. Hospitals have been some of the earliest adopters of wireless local area networks (WLANs). The user population is...

Answered: 1 week ago

Question

★★★★★
Tiller Company's beginning inventory and purchases during the fiscal year ended December 31, 20-2, were as follows: There are 1,200 units of inventory on hand on December 31, 20-2. REQUIRED 1....

Answered: 1 week ago

Question

★★★★★
Question 14 (2 points) Ingram Ltd. has, for the last 17 years, manufactured tools used in construction. The company has the following information available for the past year: Total sales $425,000...

Answered: 1 week ago

Question

★★★★★
Skysong Company Ltd, publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $29 per year. During November 2022, Skysong sells 5,820 subscriptions for cash, beginning...

Answered: 1 week ago

Question

★★★★★
Zhang incorporated her sole proprietorship by transferring inventory, a building, 100 percent of the corporation's stock. The property transferred to the corporati and adjusted tax bases: FMV...

Answered: 1 week ago

Question

★★★★★
Miller Company's contribution format income statement for the most recent month is shown below: Sales (20,000 units) Variable expenses Contribution margin Fixed expenses Total $ 300,000 180,000...

Answered: 1 week ago

Question

★★★★★
Table below shows the concentration of dissolve oxygen for a BOD test, diluted by 100. Time (days) Diluted sample DO (mg/L) 0 7.95 1 3.75 2 3.45 3 2.75 4 2.15 5 1.8 i. Determine BOD5 ii. Given the...

Answered: 1 week ago

Question

★★★★★
Why are Confidence intervals often misinterpreted and commonly confused with the probability that something is likely to happen

Answered: 1 week ago

Question

★★★★★
A goes to B's shop & purchases a silk saree thinking that it is made ofBanarast silk. The shopkeepers knows that 'A's thinking is wrong. Hehowever, does not correct 'A's impression latter on, when 4...

Answered: 1 week ago

Question

★★★★★
(Appendices) How is this affected by business policies concerning prices and credit sales? LO2

Answered: 1 week ago

Question

★★★★★
(Appendices) Compare the Original Medicare Plan with Medicare Advantage Plans with respect to each of the following: LO5 a. Choice of plan coverage b. Benefits provided by the plan c. Need for a...

Answered: 1 week ago

Question

★★★★★
(Appendices) Forrest, age 23, was honorably discharged from the U.S. Marine Corps after four years, which included two tours of duty in Iraq. He was severely wounded when his platoon engaged in a...

Answered: 1 week ago

Previous QuestionNext Question