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3 years ago

14

If a university decreases the price of tickets to football games to collect more revenue, it is assuming that the demand for tic

kets is:

1 answer:

Ksivusya [100]3 years ago

3 0

Higher because there is reduction in the list price of tickets for football games.

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An effective price ceiling is best defined as a price:

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The following income statement is provided for Vargas, Inc. Sales revenue (2,600 units × $20.10 per unit) $ 52,260 Cost of goods

leva [86]

Answer: 3.91

Explanation: We can calculate operating leverage by using following formula:-

$operating\:leverage=\frac{contribution}{net\:income}$

where,

contribution = sales - variable cost

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= $20,540

Now, putting the values into equation we get :-

$operating\:leverage=\frac{20,540}{5,240}$

= 3.91

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In a recent year, sherwood day corporation had sales of $500,000, net income of $200,000, interest expense of $40,000, and tax e

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?

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