GEICO, the number-two auto insurer with $15 billion in revenue last year, spent $0.80 billion on advertising that year and
1 answer:
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Answer:
Produce throughout the shorter term but depart the industries run if the circumstances don't start changing because the losses are incurred.
Explanation:
The given values are:
Gold sells,
Q = 50
Price,
= $5000
Total cost,
= $300,000
Fixed cost,
= $100,000
So,
⇒
⇒ ($)
Now,
⇒
⇒
So that,
⇒
On substituting the values, we get
⇒
⇒
So the above is the correct answer.
Answer: 18.6%
Explanation:
Degree of operating leverage = % change in Operating cash flow / % change in output
% change in Output
=
= 6.7%
Degree of operating leverage = % change in Operating cash flow / % change in output
2.79 = % change in Operating cash flow/ 6.7%
% change in Operating cash flow = 2.79 * 6.7%
% change in Operating cash flow = 18.6%