After reviewing financial reports of her company's daycare service, Camila determines it should be closed due to a loss.    Revenues                                       $120195 Variable costs                                  $47953 Traceable (avoidable) fixed costs       $70095 Allocated corporate overhead            $45995 What would be the impact to net income of closing the daycare?  State loss as negative, gain as positive. Round only your final answer to the nearest dollar.

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 17DQ
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After reviewing financial reports of her company's daycare service, Camila determines it should be closed due to a loss.   

Revenues                                       $120195

Variable costs                                  $47953

Traceable (avoidable) fixed costs       $70095

Allocated corporate overhead            $45995

What would be the impact to net income of closing the daycare?  State loss as negative, gain as positive. Round only your final answer to the nearest dollar.

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