The Following Income Statement Is Provided for Grant,Inc What Is This Company's Magnitude of Operating Leverage?
A) 0

question 57

Multiple Choice

The following income statement is provided for Grant,Inc. $$\begin{array} { l r } \text { Sales revenue (1,500@\$30per unit) } & \$ 45,000 \\\text { Variable costs } ( 1,500 @ \$ 14 \text { per unit) } & 21,000 \\\text { Fixed costs } & \underline{ 16,000} \\\text { Net incorne }& \underline{\$ 8,000 }\\\end{array}$$ What is this company's magnitude of operating leverage?

• A) 0.33
• B) 1.31
• C) 2.00
• D) 3.00

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Definitions:

NHL Team

A professional ice hockey team that is a member of the National Hockey League, which is a major league in North America.

Average Attendance

The mean number of individuals present at an event or location over a given period, calculated by summing the total attendance and dividing by the number of occurrences.

Standard Deviation

An evaluation of the amount of deviation or disparity among values in a given set.

Employee Productivity

A measure of an employee's output or efficiency within a specific period of time, often evaluated to gauge performance and effectiveness.