The Mergers Acquisitions Division M A of Global Financial Se The Mergers & Acquisitions…
The Mergers Acquisitions Division M A of Global Financial Se The Mergers & Acquisitions Division (M&A) of Global Financial Services is evaluated by corporate management based on a comparison of budgeted and actual pre-tax income. For 2010, M&A’s budgeted income statement was as follows: Sales …………….. $ 36,000,000 Variable costs ………….. (25,200,000) Contribution margin ………. …