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Trent Weaver was reviewing the latest Income statement for Taryn Enterprises. For the second year in a row, the Collectibles division was showing a negative
Trent Weaver was reviewing the latest Income statement for Taryn Enterprises. For the second year in a row, the Collectibles division was showing a negative segment margin, and Trent thought It was time to close the division to Increase the company's operating Income. The income statement that he examined follows. When Trent broke the news, Taylor Tatum, manager of the Collectibles division, was upset. Taylor thought that Trent could be making a snap Judgment, and suggested that he look at the division's detailed operating results. The Collectibles division Is composed of two groups, Sports Memorabilia and Coins and Stamps. Sports Memorabilia accounts for 60% of the division's sales and contribution margin; Coins and Stamps accounts for the other 40%. Sports Memorabilia's traceable fixed costs are $810, 800; Coins and Stamps, $246, 800. Your answer is Incorrect. Is negative then enter with a negative sign preceding the number e.g. -5, 125 or parenthesis. E.g. (5, 125) and Round answers to 0 decimal places, e.g. 5, 125.)
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