Calculate change in net income if the Town store is closed and sales at the Mall store sales increase by 20%. Enter an increase as a postive number. If a decrease use a minus signin front.Do not use $ in your answer.TotalMallTownCompany$270,000 $80,000 $190,000107,000$163,000StoreStoreSalesLess variable costsContribution marginTraceable fixed expensesDepreciationCash items32,000 75,000$48,000 $115,00013,000100,000$50,00045,000$5,0006,00015,0007,000Store segment marginCommon fixed expenses.Operating income85,000$27,000 $23,00045,000$12,000 ($7,000)45,000

Increase in operating income = Degree of operating leverage * Percentage change in sales

Calculate change in net income if the Town store is closed and sales at the Mall store sales increase by 20%. Enter an increase as a postive number. If a decrease use a minus sign in front. Do not use $ in your answer. Total Mall Town Company Store Store Sales $270,000 $80,000 $190,000 Less variable costs Contribution margin Traceable fixed expenses Depreciation Cash items Store segment margin Common fixed expenses. 107,000 $163,000 32,000 75,000 $48,000 $115,000 6,000 7,000 13,000 100,000 $50,000 45,000 $5,000 85,000 $27,000 $23,000 45,000 45,000 $12,000 ($7,000) 15,000 Operating income

Calculate change in net income if the Town store is closed and sales at the Mall store sales increase by 20%. Enter an increase as a postive number. If a decrease use a minus sign in front. Do not use $ in your answer. Total Mall Town Company Store Store Sales $270,000 $80,000 $190,000 Less variable costs Contribution margin Traceable fixed expenses Depreciation Cash items Store segment margin Common fixed expenses. 107,000 $163,000 32,000 75,000 $48,000 $115,000 6,000 7,000 13,000 100,000 $50,000 45,000 $5,000 85,000 $27,000 $23,000 45,000 45,000 $12,000 ($7,000) 15,000 Operating income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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