Which of the following statements is not true? a. property rights provide incentives for people to invest in expensive physical capital. b. property rights are closely linked to the degree to which firms invest in research and development activity. c. property rights are closely linked to the degree with which individuals use their entrepreneurial skills. d. property rights encourage people to take fewer risks, making the economy more secur

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.