Answer:
The degree of operating leverage and the expected percent change in income, respectively, are 3.0 and 24%. The right answer is E.
Explanation:
In order to calculate the degree of operating leverage we would have to use the following formula:
opearting leverage=<u>contribution margin</u>
operating income
operating leverage=<u>$72,000</u>
$24,000
operating leverage=3.0
In order to calculate the degree of expected percent change in income we would have to use the following formula:
percent change in income=percent change in sales×operating leverage
percent change in income=8%×3
percent change in income=24%
The degree of operating leverage and the expected percent change in income, respectively, are 3.0 and 24%
Answer:
B). 365 days by the accounts receivable turnover.
Explanation:
This is said to be the time it takes for a business to receive money owed by its client in its amount receivable(AR).
The average collection period formula is the number of days in a period divided by the receivables turnover ratio. The numerator of the average collection period formula shown at the top of the page is 365 days. For many situations, an annual review of the average collection period is considered.
Jason McCurdy's gross pay was $684.21.
Given that the regular hourly rate is $10.75. During a two-week period, he worked 80 hours (40 hours each week) and had deductions of $110 for federal income tax, $53.32 for social security tax, and $12.47 for Medicare tax.
Total working hours = 80 hours
Hourly rate = $10.75
Total payment = $10.75 × 80
= $860
Deductions = Federal Income Tax + Social Security tax + Medicare Tax
= $110 + $53.32 + 12.47
= $175.79
Gross Pay = Total Payment - Deductions
= $860 - $175.79
= $684.21
To know more about the income tax system refer to:
brainly.com/question/13745838
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Answer:
Higher prices
Explanation:
Fixed prices are associated with higher prices for consumers
