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

Question

1 Approved Answer

thanks! Rapid Communication System Corp. had a 15% increase in sales in 2020 over its sales in 2019. This, in turn, resulted in an increase

thanks!
image text in transcribed
Rapid Communication System Corp. had a 15% increase in sales in 2020 over its sales in 2019. This, in turn, resulted in an increase in its operating profit from $25 million in 2019 to $95 million in 2020. Determine your degree of operational leverage. Select one: O to. 15% O b. 280 times O c. 18.7 times Od 5.4 times

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

Bitcoin From Theory To Practice

Bitcoin From Theory To Practice

Authors: Alessio Barnini ,Alessandro Aglietti ,Nathalie Jeanne Schwitter ,Stefania Pizzichi ,Caterina Bonistalli

1st Edition

979-8601742344

More Books

Students also viewed these Finance questions

Question

Do the ordered products or services match those received by the organization?

Answered: 1 week ago

Question

★★★★★
Balance sheets for P Company and S Company on August 1, 2011, are as follows: Required: Prepare a workpaper for a consolidated balance sheet for P Company and its subsidiary on August 1, 2011, taking...

Answered: 1 week ago

Question

★★★★★
thanks! Rapid Communication System Corp. had a 15% increase in sales in 2020 over its sales in 2019. This, in turn, resulted in an increase in its operating profit from $25 million in 2019 to $95...

Answered: 1 week ago

Question

★★★★★
Lions Company reported det om at 500.000 not the year. During two year accounts receivable increased by $8,000, nocounts payable increased by $4,000 and depreciation 1000 wat reedel. Nach provided by...

Answered: 1 week ago

Question

★★★★★
3. The Roz trust received taxable income of $20,000 and $10,000 of tax-exempt interest. The trustee paid fiduciary fees of $6,000 and a charitable contribution, as authorized by the trust agreement,...

Answered: 1 week ago

Question

★★★★★
5) If liabilities increase $120,000 during a given period and shareholders' equity decreases $25,000 during the same period, assets must: A) decrease $145,000 B) increase $145,000 C) increase $95,000...

Answered: 1 week ago

Question

★★★★★
Two important profitability measures that investors use in assessing efficiency and effectiveness of a merchandiser's operations are earnings after retail numbers (EARN) and net income dividends and...

Answered: 1 week ago

Question

★★★★★
On June 1, 2025, Ivanhoe Service Co. was started with an initial investment in the company of $19,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2025, and the...

Answered: 1 week ago

Question

★★★★★
Konig Enterprises, Limited, owns and operates three restaurants in Vancouver, B.C. The company allocates its fixed administrative expenses to the three restaurants on the basis of sales dollars. Last...

Answered: 1 week ago

Previous Question Next Question