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The Food King Company owns and operates a chain of 50 stores. Budget data for the Cypress Store are as follows: Annual Sales:
The Food King Company owns and operates a chain of 50 stores. Budget data for the Cypress Store are as follows:$ 425,000Annual Cost of Goods Sold$ 382,000Annual Building Ownership 20,000The Company can continue to operate the Cypress Store or lease the building to a large flower dealer for $ 4,000 per month. Should the Company lease the building or continue to operate their food store? You must show your calculation to support your answer.