Exercise 5-15 (Algo) Operating Leverage [LO5-1, LO5-8] Magic Realm, Inc., has developed a new fantasy board game. The company sold 28,500 games last year at a selling price of $61 per game. Fixed expenses associated with the game total $475,000 per year, and variable expenses are $41 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 35,910 games next year (an increase of 7,410 games, or 26%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answernafta/// (true) it allows a member country to reimpose tariffs if imports are hurting that country's economy or its workers;

Answerolder adults;

Personally, i would say d. hope i could ! : )p.s. sorry if i'm wrong : /