Suppose for the year 2015, speedy chef, a fast food restaurant, had a gross profit of $1,281,648. speedy chef had the following expenses: cost of goods sold $1,251,167 selling expense $70,578 rent expense $156,941 utilities expense $73,994 insurance expense $35,148 wages $505,245 general & administrative $24,358 miscellaneous $32,968 interest expense $4,059 income tax expense $60,596 what would speedy chef's income before taxes be for 2015?

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.