Examine the following Income Statement for Gemology Products and determine whether or not to close the Jewelry Department. If the Jewelry Department is closed, the Insurance Expense will be reduced by $500 and one office employee part time position will be eliminated. That position pays
$6,500 a year. The other expenses will remain.
Gemology Products Income Statement Partial
For the Year Ended September 30, 2019

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The Answer of Examine the following Income Statement for Gemology Products and determine whether or not to close the Jewelry Department. If the Jewelry Department is closed, the Insurance Expense will be reduced by $500 and one office employee part time position will be eliminated. That position pays
$6,500 a year. The other expenses will remain.
Gemology Products Income Statement Partial
For the Year Ended September 30, 2019

Examine the Following Income Statement for Gemology Products and Determine