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Cory Bryant runs a courier service in downtown Phoenix. He charges clients $0.50 per mile driven. Cory has determined that if he drives 2,700 miles in a month, his total operating cost is $931. If he drives 5,900 miles in a month, his total operating cost is $1,507. Cory has used the high-low method to determine that his monthly cost equation is: Total Monthly Cost = $445 + $0.18 per Mile Driven. 1: Determine how many miles Cory needs to drive to break even. (Round your intermediate calculations to 2 decimal places and final answer to next whole number.) Break-even units:_______miles 2: Calculate Cory's degree of operating leverage if he drives 6,100 miles. (Round your intermediate calculations to 2 decimal places and final answer to 4 decimal places.) Degree of operating leverage:_______ 3: Suppose Cory took a week off and his sales for the month decreased by 23 percent. Using the degree of operating leverage, calculate the effect this will have on his profit for that month. (Round your intermediate calculations and final answer to 4 decimal places. Omit the "%" sign in your response.) Effect on profit:_______%
darrien parks and jaymes parks who are brothers are the ceo and controller respectively of their family-owned business
on december 31 2013 gifts galore inc. appropriately changed its inventory valuation method from weighted-average cost
Regulate the distribution and trading of securities offered for public sale - establish its own code of professional ethics.
Prepare dated journal entries for ABC Corporation in U.S. dollars for the incurrence and settlement of this foreign currency transaction. ABC Corporation employs a two-transaction perspective.
Assuming the U.S. tax rate is 35%, and that this is Nocera's first year of operations, what is Nocera's balance in its deferred tax asset and deferred tax liability accounts at year end?
record the journal entry for the provision for collectible account under each of the following independent assumption.
Why did Congress establish favorable treatment for 1231 assets?
koger supermarkets use scanning machines to ring-up customer purchases. koger bought machine 25624 on april1 2006 for
the 2-month interest rates in switzerland and the united states are respectively 3 and 8 per annum with continuous
If the patent is to be written off over a 10-year period, at what amount should it be reported on consolidated statements at December 31, 2012?
Discuss the conflict between the need for personal privacy and confidentiality in banking transactions and the need for the government to curtail money laundering activities.
you are the beneficiary of a trust fund established by your aunt. your aunt has given you two options to choose from
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