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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?
Performance
Completion by both parties of the terms of a contract.
Substantial Performance
Performance of a contract in all but a minor aspect of it.
Supreme Court
The highest court in a country or jurisdiction, often having the final say in matters of constitutional and federal law.
Voidable
Referring to a contract or transaction that may be declared invalid by one party, typically due to factors like misrepresentation or undue influence.
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