Question list $,K$

Question $1$

Question $2$

Question $3$

Question $4$

Question $5$

Question $6$

Question $7$

Lopez Corporation runs two convenience stores, one in Connecticut and one in Rhode Island. Operating income for each store in $2020$ is as follows:

$($Click to view the operating income for the stores.$)$ store. Is Maria Lopez's statement about the effect of closing the Rhode Island store correct? Explain. If the net effect is an operating loss enter the amount with parentheses or a minus sign.$)$

$\backslash$table$[[($Loss in Revenues$),],[$Savings in Costs,$],[$Revenues$,],[$Operating costs,$],[$Cost of goods sold,$],[$Lease rent $($renewable each year$),],[$Labor costs $($paid on an hourly basis$),],[$Depreciation of equipment,$],[$Utilities $($electricity$,$ heating$),],[$Corporate overhead,$],[,$ Total operating costs,$48,0000],[$Effect on operating income $($loss$),43,000]]$

Data table

$\backslash$table$[[$Revenues$,\backslash$table$[[$Connecticut$],[$Store$]],\backslash$table$[[$Rhode Island$],[$Store$]]],[$$$,1,130,000,$$$,850,000],[$Operating costs$],[$Cost of goods sold,,$760,000,,640,000],[$Lease rent $($renewable each year$),,95,000,,78,000],[\backslash$table$[[$Labor costs $($paid on an hourly$],[$basis$)]],,47,000,,44,000],[$Depreciation of equipment,,$27,000,,22,000],[$Utilities $($electricity$,$ heating$),,48,000,,43,000],[$Allocated corporate overhead,,$52,000,,42,000],[$Total operating costs,,$1,029,000,,869,000],[$Operating income $($loss$),$$$,101,000,$$$,(19,000)$