Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the magnitude of operating leverage for forbes cor

The magnitude of operating leverage for Forbes Corporation is 3.3 when sales are $250,000 and...

80.2K

Verified Solution

Question

Accounting

The magnitude of operating leverage for Forbes Corporation is 3.3 when sales are $250,000 and net income is $29,000. If sales increase by 5%, what is net income expected to be?

$30,450

$33,000

$33,785

$29,450

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

Biology
1.2K views

Which of these is an EPA partnership with food retailers to reduce refrigerant emissions and...

Basic Math
1.2K views

7x7x7x7 5 5 5 5 5 5 5 5x5x5x5x5x5x5 7 7 7 7 7 7x7x7x7x7x7x7...

Mechanical Engineering
1.2K views

1a. What is thermodynamics system? b. Briefly explain (i) control mass system (ii) control volume system c. Comment...

Biology
1.2K views

Watson Wilkins and Crick who won the Nobel prize for delineating the structure of DNA...

Physics
1.2K views

A particle in the ground state of an infinitely deep one dimensional pot a perturbation...

Statistics
1.2K views

Managers of a sports arena s parking garage keep track of the duration of time...

Accounting
1.2K views

Case 9.5: Immunization Clinic Inc. Key concept: Determining volume to achieve target...

Accounting
1.2K views

What type of cost accounting system would be most appropriate for a business consulting firm?...

Accounting
1.2K views

Compute the component percentages for Trixy Magic's income statement below. (Enter your answers as a...

Accounting
1.2K views

The XYZ partnership has the following balance sheets: ...

Accounting
1.2K views

RS Corporation, a manufacturer of ethnic foods, contracted in 2020 to purchase 600 pounds of...

Accounting
1.2K views

la gestin de calidad total y la fabricacin justo a tiempo se centran en la...