Solved

Violet Sales Corp, Reports the Year-End Information from 2019 as Follows

Question 197

Multiple Choice

Violet Sales Corp, reports the year-end information from 2019 as follows:
Violet Sales Corp, reports the year-end information from 2019 as follows:   Violet is developing the 2019 budget. In 2019 the company would like to increase selling prices by 3.5%, and as a result expects a decrease in sales volume of 14%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 2019? (Round interim calculations to the nearest cent and the final answer to the nearest dollar.)  A)  $293,940 B)  $252,788 C)  $335,092 D)  $284,001
Violet is developing the 2019 budget. In 2019 the company would like to increase selling prices by 3.5%, and as a result expects a decrease in sales volume of 14%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost.
What is budgeted sales for 2019? (Round interim calculations to the nearest cent and the final answer to the nearest dollar.)


A) $293,940
B) $252,788
C) $335,092
D) $284,001

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions