Can you help me with accounting questions Pine Corporation had the following income statement:DescriptionSalesAmount ($)75,000Less: Variable Costs (45,000)Contribution Margin 30,000Less: Fixed Costs (24,000)Net Income6,000Pine's operating leverage is:a. 5.000b. 1.250c. 3.125d. 4.167What is the correct answer?

Step 1: Definition of Operating LeverageOperating leverage measures how a company's net income…

Answered: Pine Corporation had the following…

Principles of Accounting Volume 2

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ISBN:9781947172609

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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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Pine Corporation had the following income statement: Description Sales Amount ($) 75,000 Less: Variable Costs (45,000) Contribution Margin 30,000 Less: Fixed Costs (24,000) Net Income 6,000 Pine's operating leverage is: a. 5.000 b. 1.250 c. 3.125 d. 4.167 What is the correct answer?