Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

The magnitude of operating leverage for Blue Ridge Corporation is 2.8 when sales are $160,000 and net income is $32,000. If sales decrease by 6%,

image text in transcribed

The magnitude of operating leverage for Blue Ridge Corporation is 2.8 when sales are $160,000 and net income is $32,000. If sales decrease by 6%, net income is expected to decrease by what amount? Multiple Choice $3,600 $5,376 $914 $1,920

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Financial Accounting

Authors: Jill Collis

1st Edition

1137335882, 978-1137335883

More Books

Students also viewed these Accounting questions

Question

★★★★★

Rewrite each of the following statements in the if-then form. Then write the converse, inverse, and contrapositive of your implication. For each result in parts (a) and (c) give the truth value for...

Answered: 1 week ago

Question

★★★★★

Derive the equations that replace Eqs. 13.5-12a and b if the thermodynamic equilibrium constant (rather than the apparent equilibrium constant) is used and electrolyte solution nonideality is...

Answered: 1 week ago

Question

★★★★★

What does the term homoscedasticity mean?

Answered: 1 week ago

Question

★★★★★

Telfer, Inc. reported net income of $2.8 million in 2017. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Compute net cash...

Answered: 1 week ago

Question

★★★★★

Erkens Company utiliza un sistema de costeo por trabajo con costeo normal y aplica los gastos generales de fbrica sobre la base de las horas de mquina. A principios de ao, la gerencia estim que la...

Answered: 1 week ago

Question

★★★★★

How does business taxation affect the economy? with reference

Answered: 1 week ago

Question

★★★★★

Consider the following time series data. Quarter 1 2 3 4 (ii) (a) Choose the correct time series plot. (i) 10 9 A 7 6 Time Series Values 12 Time Series Values VYMANO 12 11 10 9 8 7 6 Year 1 5 1 5432...

Answered: 1 week ago

Question

★★★★★

Cash Flow and Capital Budgeting Aus Car Execs (ACE) is set up as a sole trader and is analysing whether to enter the discount used rental car market. This project would involve the purchase of 100...

Answered: 1 week ago

Question

★★★★★

Using the same measurement system but located at different sites in the US ( design in CA and process in MA ) , the design team measures a specific attribute as passing, while the process team...

Answered: 1 week ago

Question

★★★★★

Illustration 23. Journalize the following transactions in the books of M/s Kothari & Sons, post them into ledger and prepare trial balance for April 2013: Apr. 1: Commenced business with 40,000. Apr....

Answered: 1 week ago

Question

★★★★★

An array of pin fins made of copper 1 mm in diameter and 3 mm in length will be used in cooling an electronic board prototype. The prototype will be cooled by air at 25C blown by a fan moving at 10...

Answered: 1 week ago

Question

★★★★★

1. Judith Sills, clinical psychologist who writes a column for Psychology Today, says your brand is the professional identity you create in the minds of others. Would you take the time to create your...

Answered: 1 week ago

Question

★★★★★

3. Do you agree that pride building can be localized throughout the organization?

Answered: 1 week ago

Question

★★★★★

2. Many of the Top Small Workplace managers report that they invest more in training, recognition awards, and incentive programs than competing firms. They say these investments result in reduced...

Answered: 1 week ago

Previous Question Next Question