C) your parents have been advised to save 5% of their income for your college education, which would include money for housing, tuition, books, and fees. how much would your parents have saved in one year, following the recommended 5%, if they had an average household income of $48,948?

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?