Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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