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$9,600The degree of operating leverage is closest to:
A. 16.67
B. 0.20
C. 5.00
D. 0.06
Answer: C
You might also like to view...
Identify and discuss six goals to have when practicing your delivery
What will be an ideal response?
Mass media are not the only vehicles a firm can use to get a message to a potential customer. By what other means can marketers effectively reach out to large numbers of consumers?
A) employing subliminal advertising techniques B) socializing with consumers C) using non-media connectors D) conducting public opinion polls E) placing advertisements in local penny-savers
_______________________________ is an example of a continuous process improvement strategy in which statistical methods to measure defects guide efforts at constantly improving the quality of manufactured products and customer service.
Fill in the blank(s) with the appropriate word(s).
Organizational buyers often buy on the basis of a set of purchasing specifications.
Answer the following statement true (T) or false (F)