The operations of Knickers Corporation are divided into the Pacers Division and the Bulls Division.Projections for the next year are as follows: 
Operating income for Knickers Corporation as a whole if the Bulls Division were dropped would be
Definitions:
Franchise Fees
Franchise fees are initial payments made by a franchisee to a franchisor for the rights to use the franchisor's brand and business model.
Operating Revenue
Income derived from a company's core business activities, excluding any income from investments or secondary operations.
Product/Supplies Revenues
Income generated from the sale of goods, products, or supplies by businesses to consumers or other businesses.
Exclusive Territory
A designated geographical area in which a sales representative or distributor is given the sole right to sell a product.
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