Singh Co. reports a contribution margin of $699,000 and fixed costs of $466,000. (1) Compute...
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Accounting
Singh Co. reports a contribution margin of $699,000 and fixed costs of $466,000. (1) Compute the companys degree of operating leverage. (2) If sales increase by 20%, what amount of income will Singh Co. expect?
Degree of operating leverage
Percent change in income
%
Amount of income reported
Answer & Explanation
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