1.4 - Short-term Decision making - Chapter 8 Electronic King sells Televisions, Stereo Equipment and Compact Disc's (CD's) at a single store location in Barrie, Ontario. Although the company has been profitable over the years, management has seen a significant decline in DVD sales and earnings. Much of the decline is attributable to the Internet and to companies such as Spotify, Apple Music, and Amazon Music who offer streaming of millions of music titles. Recent results are as follows: Management is studying whether to drop DVD sales because of the changing market and accompanying loss. If DVD's are dropped, the following changes are expected to occur. - The space vacated by the DVD department can be temodeled at a cost of $6,200 and will be devoted to a new line of high-end stereo equipment. - Sales of stereo equipment is expected to increase by $60,000 with the 1.4 - Short-term Decision making - Chapter 8 Electronic King sells Televisions, Stereo Equipment and Compact Disc's (CD's) at a single store location in Barrie, Ontario. Although the company has been profitable over the years, management has seen a significant decline in DVD sales and earnings. Much of the decline is attributable to the Internet and to companies such as Spotify, Apple Music, and Amazon Music who offer streaming of millions of music titles. Recent results are as follows: Management is studying whether to drop DVD sales because of the changing market and accompanying loss. If DVD's are dropped, the following changes are expected to occur. - The space vacated by the DVD department can be temodeled at a cost of $6,200 and will be devoted to a new line of high-end stereo equipment. - Sales of stereo equipment is expected to increase by $60,000 with the