The following income statement was drawn from the records of joel company, a merchandising firm: joel company income statement for the year ended december 31, 2018 sales revenue (2,000 units × $125) $ 250,000 cost of goods sold (2,000 units × $65) (130,000 ) gross margin 120,000 sales commissions (10% of sales) (25,000 ) administrative salaries expense (30,000 ) advertising expense (20,000 ) depreciation expense (24,000 ) shipping and handling expenses (2,000 units × $1.00) (2,000 ) net income $ 19,000 required reconstruct the income statement using the contribution margin format. calculate the magnitude of operating leverage. use the measure of operating leverage to determine the amount of net income joel will earn if sales increase by 10 percent.

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise

Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market.a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation