In the table below you can see financial information from Haga's shoe department: Sales revenue = ISK 200,000 Variable costs = ISK 140,000 Fixed costs = ISK 100,000 Profit (loss) -40,000 ISK If the department is closed, fixed costs for running the shoe department will decrease by 50%. The rest must be allocated to other departments of the company. What decision should Hagar make?

Answer rating: 100% (QA)

Financial Information Amount Sales revenue ISK 200000 Less Variable co... View the full answer