Answer:
Degree of operating leverage= 1.4
Explanation:
Giving the following information:
Sales $6,160,000
Variable costs (4,620,000)
Contribution margin $1,540,000
Fixed costs (440,000)
Operating income $1,100,000
<u>To calculate the degree of operating leverage, we need to use the following formula:</u>
degree of operating leverage= Total contribution margin / operating income
degree of operating leverage= 1,540,000 / 1,100,000
degree of operating leverage= 1.4
An employee organization that represents hourly workers as opposed to salaried employees is called Union.
<h3>What is a union?</h3>
This is the term that is used to refer to the organization of paid laborers or workers. The union is the collective voice of the people that caters and speaks based on the perceived needs of the people in the society.
The union of workers helps to take care of issues such as the time of work and the amount that is paid to people for labor. Hence we can say that An employee organization that represents hourly workers as opposed to salaried employees is called Union.
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Answer: B
The marginal propensity to save will remain unchanged in each of the countries.
Explanation:
Marginal propensity to consume (MPC) is the percentage of increase or decrease in income that goes to consumption
Marginal propensity to save (MPS) is the percentage of increase or decrease in income that goes into savings. It can also be expressed as:
1 - MPC
Average propensity to save measures the level of saving at a given level of income.
The marginal propensity to save measures changes in savings relative to changes in income but the income remains unchanged here, the MPS also remains unchanged.
Alternative development means local development
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Since the literature claimed that the objective of the mutual fund is to be a single source investment for most equity investors, then, it would most likely be describing a short-term investment
Basically, the mutual fund is classified as a short-term investment because of its duration.
Since the literature claims mutual fund is a single source investment for most equity investors, it hows that it is a short-term investment because the fund are usually purchased for less than say 3 years.
In conclusion, the literature would most likely be describing the mutual-fund as a short-term investment
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