Daisy enters into a contract with evan for the construction of a fast food café, according to a cer-tain schedule. the parties perform some preparatory steps, but evan materially and willfully fails to begin work on the specified date. to rescind the contract, daisy must show that the parties cana. be restored to the status quo. b. realize at least some of the benefit of their bargain. c. obtain a reasonable exchange of values for the preparatory steps. d. profit from the partial performance

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.