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Frank Corp has fixed costs of $300,000 and profit of $150,000. What is its degree of operating leverage? a. 0.33 b. 1.67 c. 2.5 d. 3

Frank Corp has fixed costs of $300,000 and profit of $150,000. What is its degree of operating leverage? a. 0.33 b. 1.67 c. 2.5 d. 3

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 23MC: If a firm has a contribution margin of $78M90 and a net income of $13,700 for the current month,...
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Frank Corp has fixed costs of $300,000 and profit of $150,000. What is its degree of operating leverage? a. 0.33 b. 1.67 c. 2.5 d. 3
Transcribed Image Text:Frank Corp has fixed costs of $300,000 and profit of $150,000. What is its degree of operating leverage? a. 0.33 b. 1.67 c. 2.5 d. 3
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