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You estimate that your cattle farm will generate $1 million of profits on sales of $6.1 million under normal economic conditions and that the degree
You estimate that your cattle farm will generate $1 million of profits on sales of $6.1 million under normal economic conditions and that the degree of operating leverage is 8.
a. What will profits be if sales turn out to be $5.3 million? (Negative amount should be indicated by a minus sign. Round your answer to 1 decimal place.)
b. What if they are $6.9 million? (Round your answer to 1 decimal place.)
You estinate that your cattle farm will generate $1 million of profits on sales of $6.1 milion under normal economic conditions and tha: the degree of operating leverage is 8 a. What will protits be if sales tum out to be $5.3 million? [Negative amourt should be Indicated by a minus slgn. Round your answer to 1 decimal place.) b. What If they are 969 million? (Round your answer to 1 decimal plece.)
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