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You estimate that your cattle farm will generate $1 million of profits on sales of $5.4 million under normal economic conditions and that the degree
You estimate that your cattle farm will generate $1 million of profits on sales of $5.4 million under normal economic conditions and that the degree of operating leverage is 8.
What will profits be if sales turn out to be $4.7 million?
Note: Negative amount should be indicated by a minus sign. Round your answer to 1 decimal place.
What if they are $6.1 million?
Note: Round your answer to 1 decimal place.
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