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What will profits be

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Question - You estimate that your cattle farm will generate $0.30 million of profits on sales of $6 million under normal economic conditions and that the degree of operating leverage is 4.

a. What will profits be if sales turn out to be $4.5 million?

b. What will profits be if sales turn out to be $7.5 million?

c. How does operating leverage play into the calculation? What would the formula be to determine these answers?

Reference no: EM133045482

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