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What will profits be if sales turn out to be dollar million

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Reference no: EM132951282

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.

Problem a. What will profits be if sales turn out to be $4.5 million? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Enter your answers in millions.)

Problem b. What will profits be if sales turn out to be $7.5 million? (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place.)

Reference no: EM132951282

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