Section D

Charles Schwab Corporation (SCHW) is a large brokerage and wealth management company that operates in two segments: Investor Services and Advisor Servic recent financial statements, Schwab reported the following (in millions): d. If Schwab decided to sell its "Advisor Services" accounts to another company, estimate how much operating income would decline under the following afsumptions. Assume the fixed costs that serve Advisor in estors would not be sold but would be used by the other sector: s million Assume the fixed assets were "sold": 5 miltion