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Supenor Markets. Incorporated, operates three stores jn large metropojltan area- A segmented absorption costing Income statement for the company for the last quarter Is glven below: VSupeFiF arkeCSj incorporated income Statement For the Quarter Ended September 30 Total North store sales Cost Of goods sold Gross nargin selling and administrativexpenseS: selling expenses Administrative -expenses Total expenses Net 866, z 405,980 $ 762,2 - 427,392 835,808 245,284 $ (21,836) South store -699,s 572j4 -03S, East Store 515, 1s -zssz The Nom Store has conststentTyshownAosses@Jer the posttwoyearsvForthwreason -managemenvwgmog considerationw ciosng thestore;he companyhodskeyounntke arecommendatlon astowhetherthestoreshourfbeclosefforke open The followingaddltlonaffnformouon is availableforyouruse a-Fhebreakdownofthe selling and admmstrauveexpensestht-arestvownabOVes;asfoIlo Sei1ing=xpenses Wlocated bebrokenwtmncpenal totheothertwostoresffthe NortWStore =dhegeneralnanagergfthetqorth$torewouid beretafneoahd transferredto _anotheroosltioruntheympany IftheNortW that would otherwise be fille&by hiring wnewemployeeata Salaryo "$11,660 per-quarter:fffiegenerajmanager of the NorthStore Would continue toearnhernormavsalaryot 92720 per quarter Allothermonagers and employeesJnthe t40rthstore would be discharged all three stores, One delivery person could be dlscharged Ifthe North Store ere closed This person's salary IS $4,240 per quarter: The delivery equipment would be distributed to the other stores, -=The equipment does not wear outtfirough use, but does eventually become obsolete company payg employment taxes equal to 15% of thegr employeest salarves, - g. One-miro of the insurance In the North Store IS on the store's fixtures. fi-The8General office salones" and "General officeother" relate to the overall management of Superlor Markets. Incorporated. If the North Store were closed, one person In the general office could be discharged because ot the decrease In overaii workload- This person's compensation Is $6,360 per quarter RequJred; 1- How much employee saldfleg wlll the _cornpany avoid If It closes the Norih Store? What the financlel advantage (djsaovontage} of closing the North Store? 4- Assuming that the North Store's tloor space can't be subleased, would you recommend cioslng the North Store? 5- Assume that the North Store's floor space be subleased. However, lees 10trociuce three more essumpuons- Fljste assume that If the North Store were closed, of Its sales would tronsfec to the Eass! Store, clue to strong customer loyalty to Supenor Markets. Second, assume that the Store enough copocjty handle the Increased sales would anse from closlng the North Store. Third, ossume that the Increased soles In the East would, (he same gross margin as a percentage of #ales as present sales 10 the East store. Gjveo these new assumptions. what the tjnancioj advantage of closjng the North Store? Answer is complete not correct, Complete this question by entering your answers in the tabs below, Required Required 2 Required 3 Required 4 Required 5 How much employee salaries will the company avoid if it closes the North Store? 106,100 0 salaries