Question
The magnitude of operating leverage for Forbes Corporation is 3.7 when sales are $290,000 and net income is $33,000. If sales increase by 5%, what
The magnitude of operating leverage for Forbes Corporation is 3.7 when sales are $290,000 and net income is $33,000. If sales increase by 5%, what is net income expected to be?
Multiple Choice
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$37,000
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$39,105
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$33,650
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$34,650
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Financial Accounting
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
14th edition
1305088433, 978-1305088436
