Langin Corporation Has Provided Its Contribution Format Income Statement for June

question 34

Essay

Langin Corporation has provided its contribution format income statement for June. Required:
a.Compute the degree of operating leverage to two decimal places.
b.Using the degree of operating leverage,estimate the percentage change in net operating income that should result from a 14% increase in sales.

Evaluate the effects of specialization and trade on countries' production and consumption outcomes.

Understand the basic nutritional and safety requirements for children's health and development.

Recognize the stages and characteristics of physical development during early childhood.

Find awareness of legal and safety regulations related to child care and transportation.

---

Definitions:

Cost of Land

The price paid for a piece of land, including purchase price, closing costs, and any improvements necessary to make the land usable.

Land Improvements

Enhancements made to land such as landscaping, fencing, and lighting that increase its value, excluding the cost of the land itself.

Buildings

Physical structures owned or used by a business for its operations, considered as a fixed asset on the balance sheet.

Machinery and Equipment

Long-term assets used in the operation of a business, typically for manufacturing, processing, or office operations.