Serfass Corporation's contribution format income statement for July appears below: Sales$273,600 Variable expenses 123,120 Contribution margin 150,480 Fixed expenses 49,660 Net operating income$100,820 The degree of operating leverage is closest to: Multiple Choice 0.37 0.67 1.82 1.49

Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste