Answer:
1.8
Explanation:
Sales= $60
Variable cost= $21
Quantity= 3,500 pairs of shoes
Fixed operating cost= $58,500
The first step is to calculate the total contribution margin
= sales-variable cost × Quantity
= $60-$21 × 3500
= $39 × 3500
= $136,500
The operating income can be calculated as follows
= Sales - variable cost × Quantity - fixed operating costs
= $60-$21×3500-58,500
= $136,500-58,500
= $78,000
Therefore the degree of operating leverage can be calculated as follows
= Total contribution margin/Operating income
= 136,500/78,000
= 1.8
Hence the degree of operating leverage is 1.8
We can actually deduce here that based on the change in demand in the apple market, price and quantity will change in such a way that the price and quantity will increase.
<h3>What is change in demand?</h3>
Change in demand actually refers to the way that the demand on goods and services change as result of price increment or decrease or other factors.
We see that if the demand for apples increase as a result of the additional health benefits, the price and quantity will also increase.
Learn more about change in demand on brainly.com/question/4371942
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Discrimination would be the correct answer for this question.
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Answer:
[C] It confirms the patient's insurance plan and eligibility information with the third-party payer to determine the patient's financial responsibility for services rendere
Explanation:
