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The Following Is Last Month's Contribution Format Income Statement

question 33

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The following is last month's contribution format income statement:
The following is last month's contribution format income statement:    What is the company's degree of operating leverage? A)  0.125. B)  8.0. C)  3.0. D)  0.333.
What is the company's degree of operating leverage?


Definitions:

Business for Profit

An organization or enterprise engaged in commercial, industrial, or professional activities with the objective of generating earnings.

Partnership

A legitimate business arrangement where two or more partners share both management responsibilities and profits.

Simple Negligence

A legal concept indicating a failure to act with the prudence that a reasonable person would exercise under the same circumstances.

Conducting Business

The act of engaging in activities, operations, or transactions that relate to the buying or selling of goods or services.

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