Bois Corporation Has Provided Its Contribution Format Income Statement for January

question 36

Multiple Choice

Bois Corporation has provided its contribution format income statement for January.

-The degree of operating leverage is closest to:

• A) 0.11
• B) 9.37
• C) 0.27
• D) 3.66

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Definitions:

Legal Control

The exercise of authority or influence over something or someone, especially with regard to the enforcement of laws or regulations.

Minor

A person under the age of legal adulthood, which varies by jurisdiction but is commonly 18.

Express Ratification

The explicit approval or confirmation of a previously unauthorized act.

Age of Majority

The legally defined age at which an individual is recognized as an adult and is fully accountable for his or her actions.