Use the Below Information to Answer the Following Question Refer to the Table

question 45

Multiple Choice

Use the below information to answer the following question.
$\begin{array}{lr}\text { Sales }(100,000 \text { units }) & \$ 1,000,000 \\\text { Variable costs } & 300,000\\\text { Contribution margin } & 700,000 \\\text { Fixed manufacturing costs } & 200,000\\\text { Operating income } & 500,000 \\\text { Interest } & 75,000\\\text { Earnings before taxes } & 425,000 \\\text { Taxes }(30 \%) & 127,500\\\text { Net income }&\$297,500\end{array}$
Refer to the table. The degree of financial leverage is ________.

• A) 1.29x
• B) 4.20x
• C) 3.50x
• D) 1.18x

Understand the concept and importance of group identity and affiliation needs.

Recognize the initial steps in team and group formation, including goal setting.

Identify characteristics and functions of formal groups within organizations.

Comprehend the time and effort required for team building.

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Definitions:

Economic Growth

refers to an increase in the production of economic goods and services, compared from one period of time to another, typically measured by GDP.

DVCs

Digital Video Cameras, which are devices used to capture video in a digital format. If not related to digital video cameras, DVCs could be referring to a term not recognized without further context.

Corruption

The abuse of entrusted power for private gain, which can occur in both public and private sectors, undermining trust, inclusivity, and growth.

Development Assistance

Financial aid provided by governments and other agencies to support the economic, environmental, social, and political development of developing countries.