Examlex
Solve the system of equations by the elimination method.
-x - 3y = -4 7x - 2y = -28
Degree of Operating Leverage
The degree of operating leverage is a financial ratio that measures the sensitivity of a company's operating income to its sales, indicating how earnings before interest and taxes are affected by sales volume.
Fixed Expenses
Costs that do not vary with the level or amount of goods or services produced or sold.
Contribution Margin
The difference between sales revenue and variable costs, used to cover fixed costs and profits.
Fixed Expenses
Expenses that remain constant regardless of the amount of output or sales within a brief timeframe, including lease payments, wages, and coverage fees.
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