Answer and Explanation:
a. Below is the computation of the contribution margin for each segment:
(in millions)
Details Investor Advisor Services Services
Revenue from
operations $1,681 $1,660
Plus:
Depreciation $171 $154
Contribution
Margin $1,852 $1,814
2. Next, we assess the decrease in operating income
(in millions)
Details Combined services Institutional Services
Total Revenue $9,368 $4,771
Less:
Variable expense $5,702 $2,919
($2,919 + $2,783)
Contribution
margin $3,666 $1,852
Less:
Fixed costs -$325 -$171
Net earnings $3,341 $1,681
So from the previous calculations, it shows that the net operating income has decreased by
= $3,341 - $1,681
= $1,660 million
The variable costs can be calculated as
= Service revenues minus income from operations minus depreciation expense
Answer:
The three core pillars of sustainability
Explanation:
Sustainability means addressing current needs without compromising future generations' requirements.
The primary pillars of sustainability consist of economic, environmental, and social aspects.
The economic pillar of sustainability pertains to strategies aimed at utilizing economic resources responsibly.
The environmental pillar focuses on using practices that minimize the negative impacts of services on the environment.
The social pillar emphasizes the need for training initiatives to meet individuals' needs according to collective goals.
