Serfass Corporation's contribution format income statement for July appears below: Sales $ 260,000 176,000 Variable expenses Contribution margin 84,000 Fixed expenses 71,800 Net operating income $ 12,200 The degree of operating leverage is closest to: A) 0.05 B) 0.15 C) 21.31 D) 6.89
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- Please given correct answer general accountingCopr. Goedl Uplift, Inc. reported the following financial data for the segmented income statements: Sales $125,000 Variable expenses $63,000 Contribution margin $62,000 Total fixed expenses $42,000 Common fixed expenses $15,000 How much are traceable fixed expenses? $83,000 $20,000 $48,000 $27,000 SUBMIT B 4 5 LO 5Please given correct answer general accounting
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