Business, 13.08.2021 02:10 gamelaza431
Kiwi Airlines has fixed operating costs of $3 million, and its variable costs amount to 23 percent of sales revenue. The firm has $2 million in bonds outstanding with a coupon interest rate of 8 percent. Revenues for the firm are $8 million and the firm is in the 21 percent corporate income tax bracket. What is the firm's degree of operating leverage?
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Kiwi Airlines has fixed operating costs of $3 million, and its variable costs amount to 23 percent o...
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