Advanced Enterprises Reports Year-End Information from 2018 as Follows

question 180

Multiple Choice

Advanced Enterprises reports year-end information from 2018 as follows:

Advanced is developing the 2019 budget. In 2019 the company would like to increase selling prices by 13.5%, and as a result expects a decrease in sales volume of 9%. 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?

• A) $1,090,735
• B) $961,000
• C) $992,569
• D) $874,510