4 of 10 ( complete This Question: 14 pts B Serge Corporin two convenience Viores, one in Correction and one in Rhode Island Operating income for each store in 2014 is as follows: o k to view the ring income for the stores) The equipment has a sal value. In a senior management meeting, Maria Lopes, the management accountant at Santiago Corporation, makes the following comment, "Santiago can increase its profitability closing down the Rhode Island Nor" Mara Lopez Correct? Read the requirements Requirement 1. By closing down the Rhode Island store, Santiago can reduce overall corporate overhead costs by 543,000 Calculate Santiago's operating income it does the Rhode Island store. Is Maria Lopez's Varement about the set of closing the Rhode Island store correct? Explain Begin by calling Sago's peting income if it does the Rhode Island store Enterossi revenues as a negative amount Enter a if the cost is not relevant. If the nat effect is an operating loss enter the (Loss In Revenues) Savings in Costs Cost of goods sold Depreciation of ensoment heng Question: 14 pts Sariego Corporation runs two convenience stores, one in Connecticut and one in Rhode Island Operating income for each store in 2014 is as follows: Click to view the operating income for the stores) The equipment has a zero disposal value in a senior management meeting, Maria Lopez, the management accountant at Santiego Corporation, makes the following comment "Santiago can increase its profitability by dosing down the Rhode Island store. Is Maria Lopez Correct? Read the requirements Operating costs Cost of goods olid Learn trenewable each year) Labor costspaid on an hourly basis) Depreciation of equipment t edy, heating) Corporated Total congos Ele on operating income foss) Maria Lou's men whout the stock of closing the thode Island store correct? Explain Lope that Bago Corporation's operating income would increase doses down the thode Island store as shown by the analysis abou Enter any number in the edities and then continue to the next question d. Operating income for each store in 2014 is as follows! J eman Data Table fitability Connecticut Store Rhode Island Store $ 1,090,000 $ 900,000 rate on fia Lopez's losses i enter the Revenues Operating costs Cost of goods sold Lease rent (renewable each year) Labor costs (paid on an hourly basis) Depreciation of equipment Utilities (electricity, heating) Allocated corporate overhead Total operating costs Operating income (loss) 725,000 86,000 40,000 20,000 49,000 51,000 971,000 690,000 80,000 37,000 19,000 53,000 36,000 915,000 (15,000) 119,000 $ Print [Done]