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 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

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Definitions:

Digital Currency

A form of currency that is available only in digital or electronic form, not in physical form like paper money or coins.

Electronic Mall

A collection of individual shops under one Internet address; also known as a cybermall or an e-mall.

Individual Shops

Small retail outlets owned or operated by individuals or families, often offering specialized goods or services.

Forward Auctions

Auctions that sellers use as a selling channel to many potential buyers; the highest bidder wins the items.