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Anna11 [10]
3 years ago
6

LO 3.5If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month, what is their degree of

operating leverage?
0.18
1.18
2.4
4.7
Business
1 answer:
Mamont248 [21]3 years ago
5 0

Answer:

4.7

Explanation:

The computation of the degree of operating leverage is presented below:

= Contribution margin ÷ Net income

= $59,690 ÷ $12,700

= 4.7

where,

Contribution margin = Sales - Variable costs

And, the net income would be

= Sales - Variable costs - Fixed costs

The net income is also known as earning before interest and taxes

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Answer:

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Explanation:

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3 0
2 years ago
ohn joined the military during his senior year in high school with a deferred reporting date. He heard about jobs within the mil
nirvana33 [79]

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Explanation:

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5 0
3 years ago
Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities
loris [4]

Answer:

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Explanation:

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8 0
3 years ago
What are the two most popular ways people make networking contacts?
Semmy [17]

Answer:

Explanation:

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2 years ago
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viktelen [127]
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Zero-sum is describing a trade where one side of the trade benefits, but the other does not. 
4 0
3 years ago
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