book Seyment Analysis for a Service Company Charles Schwab Corporation is one of the more innovative brokerage and financial service companies in the United States. The company recently provided information about its major business segments as follows (in Millions): Investor Advisor Services Services Revenues $2,840 $1,623 Income from operations 1,020 177 Depreciation 100 4. The segment serves the retail customer, you and me. These include brokerage, Internet, and mutual fund services. The segment includes the same services provided for financial institutions, such as banks, mutual fund managers, insurance companies, and pension plan administrators b. Indicate whether the following costs are a "Variable Cost or a "Fixed Cost in the "Investor Services 1. Commissions to brokers 2. Fees paid to exchanges for executing trades 3. Depreciation on brokerage offices 4 Transaction fees incurred by Schwab mutual funds to purchase and sell shares 5. Property taxes on brokerage offices 6. Advertising 7. Depreciation on brokerage office equipment, such as computers and computer networks c. Estimate the contribution margin for each segment, assuming that depreciation represents the majority of fed costs. Investor Services Advisor Services (in millions) (in millions) eBook Reven Income from operations $2,840 1,020 109 51.623 172 Depreciation 68 segmen segment serves the retail customer you and me. These indude brokerage, Internet, and mutual fund services. The includes the same services provided for financial institutions, such as banks, mutual fund managers, insurance companies, and pension plan administrators. b. Indicate whether the following costs are a "Variable Cost or a "Fixed Cost" in the investor Services 1. Commissions to brokers 2. Fees paid to exchanges for executing trades 3. Depreciation on brokerage offices 4. Transaction fees incurred by Schwab mutual funds to purchase and sell shares 5. Property taxes on brokerage offices 6. Advertising 17. Depreciation on brokerage office equipment, such as computers and computer networks c. Estimate the contribution margin for each segment, assuming that depreciation represents the majority of fixed costs. Investor Services Advisor Services (in millions) (in millions) Estimated contribution margin d. If Schwab decided to sell its Advisor Services business to another company, estimate how much operating income would decline under the following assumptions, Assume the foxed costs that serve the Advisor Services business would not be sold but would be used by the other sector: million Assume the fixed assets were sold": million