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You estimate that your cattle farm will generate $0.30million of profit on sales of $6 million under normal economic conditions and that the degree of
You estimate that your cattle farm will generate $0.30million of profit on sales of $6 million under normal economic conditions and that the degree of operating leverag is 4. (Leave no cells blank - be sure to enter "0" wherever required. Do not round intermediate calculations. Enter you answers in millions.)
A.) What will profits be if sales turn out to be $4.5 million?
Profit Will: | to | million |
B.) What if they are $7.5 million?
Profit Will | to | million |
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