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Seneca College *

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440

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Accounting

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Nov 24, 2024

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pdf

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2

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10/30/23, 7:30 AM Chapter 4 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4637360&cmid=1260602&page=8 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHB - Nardi / CHAPTER 4 - Cost-Volume-Profit Analysis / Chapter 4 Quiz Question 9 Correct Mark 1.00 out of 1.00 Which of the following statements correctly describes the Degree of Operating Leverage? Select one: a. The degree of operating leverage multiplied by the change in contribution margin will provide the percentage change in operating income. b. The percentage change in sales will dictate the percentage change in operating income. c. The degree of operating leverage multiplied by the change in operating income will provide the percentage change in contribution margin. d. The percentage change in contribution margin will dictate the percentage change in operating income. Your answer is correct. Explanation: The degree of operating leverage multiplied by the change in contribution margin will provide the percentage change in operating income. The correct answer is: The degree of operating leverage multiplied by the change in contribution margin will provide the percentage change in operating income.
10/30/23, 7:30 AM Chapter 4 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4637360&cmid=1260602&page=8 2/2
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