The following information relates to Pug Company for the current year $30,000 Contribution margin Operating leverage factor Which of the following statements is true? O. If the company's income increases by 2%, its sales revenue should increase by 6%. The company's current net operating income is greater than $15,000. If the company's sales revenue is $35,000, its variable cost is greater than $15,000. The company's fixed cost is greater than $15,000 There is more than one correct statement 3

The following information relates to Pug Company for the current year $30,000 Contribution margin Operating leverage factor Which of the following statements is true? O. If the company's income increases by 2%, its sales revenue should increase by 6%. The company's current net operating income is greater than $15,000. If the company's sales revenue is $35,000, its variable cost is greater than $15,000. The company's fixed cost is greater than $15,000 There is more than one correct statement 3

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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