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Cordell, Inc. has an operating leverage of 3. Sales are expected to increase by 9% next year. What is the expected change in operating income next year?
Barest Essentials
The most basic and fundamental components or requirements needed for something.
Goodwill
The intangible asset that arises as a result of the acquisition of one company by another for a premium value, representing factors like reputation, brand, and customer relations.
Survival
The ability of an entity, whether an individual, business, or species, to continue existence and maintain its functions in its environment.
Business
An organization or enterprising entity engaged in commercial, industrial, or professional activities, aiming to generate profits.
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