If sales are $400,000, variable costs are 75% of sales, and operating income is $50,000, what is the operating leverage?
A) 2.5
B) 7.5
C) 2.0
D) 0
C
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If a company uses the allowance method to account for bad debts, when will the company's owners' equity decrease?
a. At the date a customer's account is written off b. At the end of the accounting period when an adjusting entry for bad debts is recorded c. At the date a customer's account is determined to be uncollectible d. When the accounts receivable amount becomes past due
Marketers for Ranch Life, a Connecticut family resort that offers horseback riding and a waterpark, want to make sure that Ranch Life comes up at the top or near the top of every list of online search results for the phrases "Connecticut family
vacation," "Connecticut horseback riding," and "Connecticut waterpark." Ranch Life marketers will likely use predictive analytics to achieve this goal. Indicate whether the statement is true or false
Which is not an aspect of a cross-sectional design?
a) Researching the prevalence of a problem by taking a cross-section of the population b) It is appropriate for measuring the extent of change in a problem c) It is the most commonly used design in the social sciences d) Data will be collected from a study population at one point in time
The variable overhead efficiency variance measures the difference between the actual level of activity and the standard activity allowed for the actual output, multiplied by the fixed part of the predetermined overhead rate.
Answer the following statement true (T) or false (F)