{CLO-3) Tony Retail Company shows the following information for the period ended 31-8-2020 Selling price...
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Accounting
{CLO-3) Tony Retail Company shows the following information for the period ended 31-8-2020 Selling price per unit $6 Variable administrative expense per unit $0.25 Total fixed administrative expense $200 Ending merchandise inventory $30 Variable selling expense per unit $1.75 Beginning merchandise inventory $20 Merchandise purchases $450 Total fixed selling expense $60 Number of units sold 300 Insert the correct numbers in the following sentences. Use numerals 0-9 only. Do not use commas, dollar signs, or unless instructed otherwise. The company's period expenses were $ and gross profit margin was $ Net income was $ and contribution margin $ Total variable expenses amounted to $ The company's operating leverage was (only for this answer you must round to one and gross profit margin was $ Net income was $ and contribution margin $ Total variable expenses amounted to $ (only for this answer you must round to one decimal, ex. for The company's operating leverage was 2.34 type 2.3). If revenue increases by $72, net income will increase by % times operating leverage
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