Freemen Company's western territory's forecasted income statement for the upcoming year is as follows
Sales revenue $800,000
Variable costs 500,000
Contribution margin $300,000
Fixed costs 496,000
Operating income (loss) $(196,000 )
Freemen Company's management is considering dropping the western territory. This move would be financially advantageous only if the company could eliminate $196,000 of fixed cost.
Indicate whether the statement is true or false
TRUE
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Recorded title to a parcel of real property was vested in Mary Wilson, a single woman. After her marriage to John Roberts, she executed a deed to the property only in the name of Mary Roberts, a married woman. The discrepancy in the grantor's name is:
A: Immaterial so long as the property is adequately described; B: A defect which may cause a cloud on the title; C: Cured after the deed is on record for one year; D: A defect which could cause separate property of both spouses to become joint tenancy property.
Regulation of technological changes has been relaxed by the US government over recent years
Indicate whether the statement is true or false