Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ol, inc., has sales of $500,000, net income of $15

OL, Inc., has sales of $500,000, Net Income of $150,000 and Operating Leverage of 2.00....

50.1K

Verified Solution

Question

Accounting

OL, Inc., has sales of $500,000, Net Income of $150,000 and Operating Leverage of 2.00.

If sales decrease by 30%, what would Net Income be (in dollars)?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

5 The first law of thermodynamics is concerned with the 1 Conservation of momentum 3...

Physics
Q

19 The centre of mass of a non uniform rod of length L whose mass...

Physics
Q

Question 4 of 6 4 Use the dot plot below to determine how many individuals...

Statistics
Q

2 How much interest simple will you pay after 12 years at 3 3 on...

Calculus
Q

Equivalent Units and Related Costs; Cost of Production Report; Entries Dover Chemical Company...

Accounting
Q

Boom Speaker Corporation (BSC) is a manufacturer of a portable speaker, Boom 1.0. The following...

Accounting
Q

Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as...

Accounting
Q

need help plz with accounting for these 5 questions ...

Accounting
Q

Paddleboard Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31,2019...

Accounting
Q

"Live Long and Prosper" and "To Boldly Go Where No Man Has Gone Before" are...

Accounting
Q

The auditor controlled variable in the Audit risk formula is ...

Accounting
Q

You are given that the deposit interest rate in the U.K. pound is 7% per...

Finance