Reference: 08-01
the Following Is Addison Corporation's Contribution Format Income

question 27

Multiple Choice

Reference: 08-01
The following is Addison Corporation's contribution format income statement for last month: $$\begin{array} { | l | c | } \hline \text { Sales } & \$ 1,000,000 \\\hline \text { Less variable expenses } & 700,000 \\\hline \text { Contribution margin } & 300,000 \\\hline \text { Less fixed expenses } & 180,000 \\\hline \text { Net income } & \$ 120,000 \\\hline\end{array}$$ The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
-What is the company's degree of operating leverage

• A)0.12.
• B)2.50.
• C)3.30.
• D)0.40.

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Definitions:

Language Development

The process by which children come to understand and communicate language during early childhood, encompassing both the understanding and production of verbal communication.

Two-Word Stage

Beginning about age 2, the stage in speech development during which a child speaks mostly two-word statements.

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A native group living in the Amazon Rainforest, known for their unique language and cultural practices.

Linguistic Determinism

The hypothesis that language determines thought, meaning the structure of language can affect cognition and perception.