Question: Can you help me solve this general accounting question using the correct accounting procedures? At a sales level of $500,000, the magnitude of operating leverage

Can you help me solve this general accounting question using the correct accounting procedures?

At a sales level of $500,000, the magnitude of operating leverage for Cookie House Inc. is 2.2. If sales increase by 10%, by what percentage will profits (net income) increase? a) 10% b) 22% c) 2.2% d) 12%

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