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Author Question: The management accountant for Giada's Book Store has prepared the following income statement for the ... (Read 146 times)

littleanan

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The management accountant for Giada's Book Store has prepared the following income statement for the most current year:
CookbookTravel BookClassicsTotal
Sales$63,000$179,000$60,000$302,000
Cost of goods sold37,00070,00023,000130,000
Contribution margin26,000109,00037,000172,000
Order and delivery processing19,00026,0009,00054,000
Rent (per sq. foot used)3,0003,0003,0009,000
Allocated corporate costs10,00010,00010,00030,000
Corporate profit$ (6,000)$70,000$15,000$79,000

If the cookbook product line had been discontinued prior to this year, the company would have reported ________.
◦ greater corporate profits
◦ the same amount of corporate profits
◦ less corporate profits
◦ resulting profits cannot be determined


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Marked as best answer by littleanan on Mar 6, 2021

Amiracle

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littleanan

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


Sarahjh

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Reply 3 on: Yesterday
Excellent

 

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