What is the prime rate? a. the prime rate is the best interest rate that banks offer their most creditworthy customers. b. the prime rate is the interest rate on a credit card, unadjusted for interval compounding. c. the prime rate is the number which indicates your credit history. d. the prime rate is the highest interest rate allowed by law.

The simple interest in a loan of $200 at 10 percent interest per year is

One of the benefits of a well designed ergonomic work environment is low operating costs is true or false

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.