Question
Collins Food Group (CFG) owns both Sizzler and KFC in Australia. Due to Sizzler's continuing poor performance, CFG is deciding whether or not to close
Collins Food Group (CFG) owns both Sizzler and KFC in Australia. Due to Sizzler's continuing poor performance, CFG is deciding whether or not to close the Sizzler restaurants and re-invest into KFC to continue its growth. CFG's revenues every three months are 408,018 while Sizzler remains open, and they estimate revenues will increase to $500,270 every three months if the divestment of Sizzler goes ahead. Running costs will remain constant at $117,919 every three months in either case. The cost of the divestment of sizzler would be $103,133 over one year.
What is CFG's accounting profits (every three months) before divestment? Answer to the nearest whole number (with no decimal places, $ or - signs, spaces or commas).
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