12. Golden Age operates three retirement homes and expects the following results next year: Oaks...
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12. Golden Age operates three retirement homes and expects the following results next year: Oaks Pines Elms Total Revenue $100,000 $150,000 $180,000 $430,000 Variable Costs 45,000 60,000 60,000 165,000 Contribution Margin 55,000 90,000 120,000 $265,000 Fixed Costs $60,000 $40,000 $60,000 $160,000 Income ($5,000) $50,000 $60,000 $105,000 Suppose $25,000 of the fixed costs are avoidable. What will be the effect on total profit, if The Oaks closes down?
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