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Can someone please HELP..! Will really appreciate it Help Save & Exit Sub Check my wor Problem 12-26 Close or Retain a Store [L012-2] Superior
Can someone please HELP..! Will really appreciate it Help Save & Exit Sub Check my wor Problem 12-26 Close or Retain a Store [L012-2] Superior Markets, Inc, operates three stores in a large metropolitan area. A segmented absorption costing income statement for the company for the last quarter is given below: Superior Markets, Inc. Income Statement For the Quarter Ended September 30 North Store South Store East Store Total Sales Cost of goods sold Gross margin Selling and administrative expenses $3,700,000 800,480,000 1,420,000 2,035,000 460,000 794,000 781,000 686,000639,000 1,665,000 340,000 Selling expenses Administrative expenses 418,000113,000 1,249,000 351,400 479,900 831,000 238,400 318,500 274,100 161,400 417,700 Total expenses Net operating income (loss) 416,000 (11,400) 206,100 S 221,300 The North Store has consistently shown losses over the past two years. For this reason, management is giving consideration to closing the store. The company has asked you to make a recommendation as to whether the store should be closed or kept open. The following additional information is available for your use: a. The breakdown of the sellina and administrative expenses that are shown above is as follows:
Can someone please HELP..! Will really appreciate it
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