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You estimate that your soy farm will generate 2.2 million of profits on sales of 9 million under normal economic conditions, and that the degree
You estimate that your soy farm will generate 2.2 million of profits on sales of 9 million under normal economic conditions, and that the degree of operating leverage is 3.6. What will sales be if profits turn out to be 2.4 million? Enter your answer in millions, rounded to two decimal places. million A store will cost $1,000,000 to open. Variable costs will be 53% of sales and fixed costs are $240,000 per year. The investment costs will be depreciated straight-line over the 16 year life of the store to a salvage value of zero. The opportunity cost of capital is 5% and the tax rate is 30%. Find the operating cash flow each year if sales revenue is $700,000 per year. Enter your response below. Click "Verify" to proceed to the next part of the
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