subject
Business, 17.02.2020 22:29 jaylinperez9123

Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven. Joyce has determined that if she drives 3, 300 miles in a month, her total operating cost is $875. If she drives 4, 400 miles in a month, her total operating cost is $1, 095. Joyce has used the high-low method to determine that her monthly cost equation is: total monthly cost = $215 + $0.20 per mile driven. 1. Determine how many miles Joyce needs to drive to break even. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.) 2. Calculate Joyce's degree of operating leverage if she drives 4, 200 miles. (Round your intermediate calculations to 2 decimal places and final answer to 4 decimal places.) 3. Suppose Joyce took a week off and her sales for the month decreased by 25 percent. Using the degree of operating leverage, calculate the effect this will have on her profit for that month. (Round your intermediate calculations and final answer to 4 decimal places.) Effect on Profit %

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 10:00, kortlen4808
mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?
Answers: 2
image
Business, 22.06.2019 11:30, deedivinya
What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?
Answers: 1
image
Business, 22.06.2019 14:50, QuarkyFermion
Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of
Answers: 3
image
Business, 22.06.2019 20:30, alyssanewsome
The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.
Answers: 3
You know the right answer?
Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven....

Questions in other subjects:

Konu
Physics, 18.03.2021 03:10
Konu
English, 18.03.2021 03:10
Konu
Mathematics, 18.03.2021 03:10