Your boss has been tasked with deciding whether to open a new branch or not. He has asked your opinion. Mostly likely you will be given management of the branch if it opens. Write a memo explaining why or why not the branch should be opened. The pro forma balance income statement is:

Revenue
	Revenue from sales		$1,500,000
Operating Expenses
	Cost of materials		$750,000
	Selling Expense		$150,000
	Salaries		$350,000
	Other Operating Expenses		$50,000
		Total Operating Expenses	$1,300,000
Income from Operations			$200,000
Headquarters Overhead			$100,000
Taxes			$ 150,000
Net Income			-$ 50,000