Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 148,000 100 % variable expenses 59,200 40 % contribution margin 88,800 60 % fixed expenses 20,000 net operating income $ 68,800 required: 1. what is the company’s degree of operating leverage? 2. using the degree of operating leverage, estimate the impact on net operating income of a 15% increase in sales. 3. construct a new contribution format income statement for the company assuming a 15% increase in sales.

1. gar principles or "the principles"are intended to do what?

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.

Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks