Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 28, 2024

Sweet Berry Farm Corporation's current sales are $500,000. The contribution margin is $300,000 and the net operating income is $100,000. What is the company's degree

Sweet Berry Farm Corporation's current sales are $500,000. The contribution margin is $300,000 and the net operating income is $100,000. What is the company's degree of operating leverage?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The degree of operating leverage DOL is calculated by dividing the percentage change in net ope... 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

Step: 3

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

Accounting Tools for business decision making

Authors: kimmel, weygandt, kieso

4th Edition

978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461

More Books

Students also viewed these Accounting questions

Question

★★★★★

COP-26 Inc. is a company that finds alternative uses of waste. The companys statement of financial position on April 30 is as follows: COP- 26 Inc. Statement of Financial Position April 30, 2021...

Answered: 1 week ago

Question

★★★★★

An appreciation of cost behavior is needed in order for management to understand and predict profitability as the costs of material, labor and other operating expenses and levels of production and...

Answered: 1 week ago

Question

★★★★★

Changes in Cost Structure; Break-Even Analysis; Operating Leverage; Margin of Safety Morton Companys contribution format income statement for last month is given below: The industry in which Morton...

Answered: 1 week ago

Question

★★★★★

Consider an investor's choice of a farm unit in the Corn Belt, one in the California Central Valley, or the one in the Great Plains region. An investor added these three assets in one portfolio. The...

Answered: 1 week ago

Question

★★★★★

What is meant by the period of a pendulum?

Answered: 1 week ago

Question

★★★★★

Prime Essentials Ltd. is a small private corporation. The owner plans to approach the bank for an additional loan or a line of credit to facilitate expansion. The company bookkeeper, after discussion...

Answered: 1 week ago

Question

★★★★★

The use of work technologies tends to evolve over time and sometimes the characteristics of usage patterns are difficult to predict. Many theories of work technology (e.g. STST) still assume a static...

Answered: 1 week ago

Question

★★★★★

Mow-It Inc. manufactures two products, mowers and trimmers, which are sold in two territories designated by the company as East Territory and West Territory. The following income statement prepared...

Answered: 1 week ago

Question

★★★★★

7. Trust in Internet Information A survey was taken on how much trust people place in the information they read on the Internet. Construct a categorical frequency distribution for the data. A = trust...

Answered: 1 week ago

Question

★★★★★

Savita Kapur, CEO, founded Absent Clothing Company (ACC) in 2005. ACC sells practical athletic wear to service the yoga and Pilates market. Savita originally created ACC with the intention of...

Answered: 1 week ago

Question

★★★★★

As a new hire at Bernard, ulysses, indigo, lauper and drane infrastructure technologies LLC (BUILD-IT), you have been placed in charge of the latest project taken on by the firm to resurface the...

Answered: 1 week ago

Question

★★★★★

Scenario 1 Danielle is the office manager of a large business in the city. She is the only female staff member at the management level. The CEO (who is significantly older than her) often refers to...

Answered: 1 week ago

Question

★★★★★

987 Co. grants 123 Limited a sole license for the 987 CRM Software. Who may use the 987 CRM Software? O a. Only 123 O b. Only 987 O c. 123 and other licensees O d. 987 and the licensee

Answered: 1 week ago

Question

★★★★★

Risk preferences Investment 1 has a 50% chance of paying $100 and a 50% chance of paying $200. Investment 2 has a 50% chance of paying $50 and a 50% chance of paying $250. Both investments cost $130...

Answered: 1 week ago

Question

★★★★★

During the Covid-19 outbreak and Movement Restriction Order (MRO), daily routines of Malaysian has changed. Many business could not operate according to their normal routines and many business...

Answered: 1 week ago

Question

★★★★★

Below is a poorly written email. Rewrite it so that it includs the required points that define a professional business email. ( 1 0 marks ) Subject: URGENT Payment Issue Hey, I cannot believe you...

Answered: 1 week ago

Question

★★★★★

. Ricky-Bobby Company uses 10,000 units of a part in its production process. The costs to make a part are: DM per unit $12 DL per unit $25 VOH per unit $13 FOH per unit $30 Ricky-Bobby has received a...

Answered: 1 week ago

Question

★★★★★

Suppose that you are part of a virtual team and must persuade other team members on an important matter (such as switching suppliers or altering the project deadline). Assuming that you cannot visit...

Answered: 1 week ago

Question

★★★★★

Many of you will work for a small business. Some of you will even own your own business. In order to operate a small business, you will need a good understanding of managerial accounting, as well as...

Answered: 1 week ago

Question

★★★★★

Employee earnings records for Carnahan Company reveal the following gross earnings for four employees through the pay period of December 15. C. Mendez $93,500 D. Roberts $99,100 L. Church $98,600 T....

Answered: 1 week ago

Question

★★★★★

Brad Watters believes that the allocation of cost of goods available for sale should be based on the actual physical flow of the goods. Explain to Brad why this may be both impractical and...

Answered: 1 week ago

Question

★★★★★

For any events A and B with , show tha .

Answered: 1 week ago

Question

★★★★★

Return to the credit card scenario of Exercise 12 (Section 2.2), where , , , , and . Calculate and interpret each of the following probabilities (a Venn diagram might help). a. b. c. d. e. Given that...

Answered: 1 week ago

Question

★★★★★

The accompanying table gives information on the type of coffee selected by someone purchasing a single cup at a particular airport kiosk. Blood Group O A B AB 1 .082 .106 .008 .004 Ethnic Group 2...

Answered: 1 week ago

Previous Question Next Question