Lydic Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (4,000 units)$160,000Variable expenses 112,000Contribution margin 48,000Fixed expenses 38,400Net operating income$9,600 The degree of operating leverage is closest to:
A. 16.67
B. 0.06
C. 5.00
D. 0.20
Answer: C
You might also like to view...
In South Korean shopping malls, teenage girls line up at photo machines that provide high-tech makeovers, including glamor lighting, a hair-blowing breeze, and virtual plastic surgery
If one of these girls sends a photo from this machine to her boyfriend, she is expressing the actual self state. Indicate whether the statement is true or false
A normal probability distribution is a symmetrical distribution whose shape resembles a bell-shaped curve
Indicate whether the statement is true or false
________ are not obligations of the U.S. Government, but most purchasers feel that they are implicitly guaranteed by the federal government
A) Treasury notes B) Treasury bills C) Federal agency issues D) Banker's acceptances
For which of the following is a low or decreasing value of the item associated with a stronger financial condition of a government entity?
A. Home ownership. B. Unfunded pension liability. C. Employment rate. D. Property values.