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 Services

Advisor Services

Revenues

$4,771

$4,597

Income from operations

1,681

1,660

Depreciation

171

154

Estimate the contribution margin for each segment, assuming that depreciation represents the majority of fixed costs.

	Investor Services (in millions)	Advisor Services (in millions)
Estimated contribution margin	$	$

d. If Schwab decided to sell its Advisor Services to another company, estimate how much operating income would decline under the following assumptions.

Assume the fixed costs that serve institutional would not be sold but would be used by the other sector: $ million Assume the fixed assets were sold: $ million

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