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Answer the Following Questions Using the Information Below

Question 172

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Answer the following questions using the information below:
Kramer Enterprises reports year-end information from 2010 as follows:
Answer the following questions using the information below: Kramer Enterprises reports year-end information from 2010 as follows: Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. -What is budgeted sales for 2011? A) $1,036,800 B) $1,066,666 C) $933,120 D) $864,000 Answer the following questions using the information below: Kramer Enterprises reports year-end information from 2010 as follows: Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. -What is budgeted sales for 2011? A) $1,036,800 B) $1,066,666 C) $933,120 D) $864,000 Answer the following questions using the information below: Kramer Enterprises reports year-end information from 2010 as follows: Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. -What is budgeted sales for 2011? A) $1,036,800 B) $1,066,666 C) $933,120 D) $864,000 Kramer is developing the 2011 budget. In 2011 the company would like to increase selling prices by 8%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost.
-What is budgeted sales for 2011?


A) $1,036,800
B) $1,066,666
C) $933,120
D) $864,000

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