-The Degree of Operating Leverage Is:
A) 1

question 20

Multiple Choice

$$\begin{array} { l r } \text { Sales } ( 100,000 \text { units) } & \$ 1,000,000 \\\text { Variable costs } & \underline { 300,000 } \\\text { Contribution margin } & 700,000 \\\text { Fixed manufacturing costs } & \underline { 250,000 } \\\text { Operating income } & 450,000 \\\text { Interest } & \underline { 60,000 } \\\text { Earnings before taxes } & 390,000 \\\text { Taxes (at } 31 \% \text { ) } & \underline { 120,900 } \\\text { Net Income } & \underline { \$ 269,100 } \\\text { Shares outstanding } & 10,000\end{array}$$
-The Degree of Operating Leverage is:

• A) 1.79x.
• B) 1.56x.
• C) 2.22x.
• D) 2.33x.

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Definitions:

Gender

Social and cultural distinctions associated with being male, female, or non-binary, rather than strictly biological differences.

Socially Constructed

Referring to concepts, values, or practices that exist because of collective human agreement, rather than being inherent or natural to reality.

Cross-cultural Personality

The study of how personality traits and behaviors vary across different cultures.

Margaret Mead

An influential American cultural anthropologist known for her studies and publications on cultural patterns and personality development in Samoa and New Guinea.