Multiple Choice
In 2010, Hernandez Co. had sales of $3,000,000, profits of $420,000, and a degree of operating leverage of 8. The company expects a 15% increase in sales for 2011. As such profits should increase by
A) $ 63,000.
B) $450,000.
C) $470,400.
D) $504,000.
E) $924,000.
Correct Answer:
Verified
Correct Answer:
Verified
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