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NemiM [27]
3 years ago
13

Light Me Up Lamps has variable expenses of 50​% of sales and monthly fixed expenses of $ 200 comma 000. The monthly target opera

ting income is $ 30 comma 000. What is Light Me Up​ Lamps' operating leverage factor at the target level of operating​ income?
Business
1 answer:
NARA [144]3 years ago
4 0

Answer:

Operating Leverage Factor 7.67

Explanation:

Operating leverage factor is a very important measure of a company for forecasting growth. It shows the contribution margin that is necessary to gain against one $1 of operating income.

Contribution margin Ratio = Fixed cost + Target operating Income

Contribution Margin = $200,000 - 30,000 = $230,000

Operating Leverage factor = Contribution margin /  Target Operating Income

Operating Leverage factor = $230,000 / $30,000 = 7.67

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svp [43]

Answer:

Make arrangements or preparations for (an event or activity)

5 0
3 years ago
​________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in sma
konstantin123 [22]

Intermediaries play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.

When goods are produced or manufactured by producers, there will be need to make those goods available to final consumers.

The intermediaries- Wholesalers and retailers buys these goods from the producers and make them available to final consumers in small quantities.

By making the goods available to consumers, the intermediaries are playing important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities.

Learn more about intermediaries here : brainly.com/question/25736500

5 0
2 years ago
Dean has earned $70,000 annually for the past five years working as an architect for WCC Inc. Under WCC's defined benefit plan (
nadya68 [22]

Answer:

A. $7,350

Explanation:

The computation of the vested benefit is shown below:

= Average salary × given percentage × five years × vesting percentage

= $70,000 × 3.5% × 5 years × 60%

= $7,350

Hence, the correct option is A.

8 0
3 years ago
Which feature provides the capability of setting a form field at a desired location in a form and restricting its movement?
Sergio039 [100]

Answer:

A

Explanation:

5 0
2 years ago
Steve goes to Tri-State University and pays $40,000 in tuition. Steve works to pay for his schooling and has an AGI of $37,000.
Lemur [1.5K]

Answer:

His American Opportunity tax credit is $2,500.

Explanation:

A taxpayer who has a modified adjusted gross income of $80,000 or less can claim the credit for the qualified expenses of an eligible student.

Taxpayers will receive a tax credit based on 100% of the first $2,000, plus 25% of the next $2,000 that is paid during the taxable year for tuition, fees and course materials and also, 40% of the credit (up to $1,000) is refundable.

Therefore, His American Opportunity tax credit is $2,500.

6 0
3 years ago
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