ABC's pre-tax profits decline by 15.85% when its degree of operating leverage is 3.7, therefore its sales

Fantastic news! We've Found the answer you've been seeking!

Question:

ABC's pre-tax profits decline by 15.85% when its degree of operating leverage is 3.7, therefore its sales must have decreased by?

Related Book For answer-question

Principles of Finance

ISBN: 978-1111527365

5th edition

Authors: Scott Besley, Eugene F. Brigham

See More Books

Posted Date: Apr 19, 2023 10:41 PM

See More Questions

Sue Wilson is the new financial manager of Northwest Chemicals (NWC), an Oregon producer of specialized chemicals that are sold to farmers for use in fruit orchards. She is responsible for...
We have looked at the breakeven calculations for a single-product firm. However, most firms make more than one product - or service. Conceptually, multiple-product breakeven is the same as single...
Sue Wilson is the new financial manager of Northwest Chemicals (NWC), an Oregon producer of specialized chemicals that are sold to farmers for use in fruit orchards. She is responsible for...
X-rays of wavelength 0.0973 nm are directed at an unknown crystal. The second diffraction maximum is recorded when the X-rays are directed at an angle of 23.4 relative to the crystal surface. What is...
Explain how a non-consolidated subsidiary can be a form of off-balance-sheet financing.
Synthesize a four-bar mechanism such that $\theta_{12}=50^{\circ}, \theta_{23}=40^{\circ}$ and $\phi_{12}=80^{\circ}, \phi_{23}=50^{\circ}$.
Gemini manufactures athletic shoes. The company records manufacturing costs by job number and uses a factory overhead applied rate to charge overhead costs to its products. The company estimates...
Some product development expenditures are recorded as development expenses and others as development costs. Explain the difference between these accounts and how a company decides which...
iv ) Explain briefly how the key features of a typical bond facilitate lending and borrowing in public markets. v ) Explain the method you would use to arrive at a price for the following government...
Crawford Labs has increased its profitability dramatically by using models to allocate its sales force among the company's major drugs. To guide that effort, a nonlinear sales-response curve is...
do not use chatgpt or any other ai tool. A monopolist with a linear demand curve will have a marginal revenue curve with intercept and slope as the demand curve..
A firm reports $180,000 cost of goods sold in its income statement. Beginning and ending inventory are $30,000 and $25,000, respectively. Beginning and ending accounts payable are $10,000 and...
When purchasing books on amazon, customers are shown other books and it is mentioned that customer who purchased your book also purchased these. this is an example of what?
Which shape is defined by the equation (y+4) = 1? 81 x2 16
- x + y = 3 and x ^ 2 - 6 x - 2 7 - y ^ 2 = 0 , solve the susten of non linear equations
University is Consider the following network. The main server of located at the sink node (si). There is a cyber attack on the computer at the source node (so). The arcs of the network show the...
A 15.0 kg box is allowed to slide from rest down a ramp that makes an angle of 30.0 o to the horizontal. The coefficient of friction between the box and the ramp is 0.400 and the ramp is 5.00 m long....
Differentiate the following terms/concepts: a. Personality types and money attitudes b. Planners and avoiders c. Moderating and adapting to biases d. "Perfectible judges" and "incorrigible judges"
The consolidated balance sheets for Lloyd Lumber Company at the beginning and end of 2012 follow. The company bought $50 million worth of fixed assets. The charge for depreciation in 2012 was $10...
The McGill Company's sales are forecasted to increase from $1,000 in 2012 to $2,000 in 2013. Following is the December 31, 2012, balance sheet: McGill's fixed assets were used to only 50 percent of...
The projected taxable income of the Glasgo Corporation, formed in 2012, is indicated in the following table. (Losses are shown in parentheses.) What is the corporate tax liability for each year? Use...
The stockholders' equity of Carly Corporation at January 1 follows: The following transactions, among others, occurred during the year: June 18 Declared a 70 percent stock dividend on all outstanding...
The stockholders' equity of Black Corporation at January 1 follows: The following transactions, among others, occurred during the year: Jan. 1 Announced a 4-for-1 common stock split, reducing the par...
Using your analysis from P11-8A, prepare the stockholders' equity section of the Black Corporation's balance sheet. Problem P11-8A The stockholders' equity of Black Corporation at January 1 follows:...

ABC's pre-tax profits decline by 15.85% when its degree of operating leverage is 3.7, therefore its sales

Question:

Expert Answer:

This is a good challenge that needs the application ... View the full answer

Principles of Finance

Students also viewed these finance questions