Answer the Following Questions Using the Information Below

question 172

Multiple Choice

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

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Definitions:

Displacement

In psychology, a defense mechanism where an individual shifts negative feelings from the original source to a safer or more acceptable target.

Denial

A defense mechanism in which confrontation with a personal problem or with reality is avoided by denying the existence of the problem or reality.

Childrearing Methods

The practices and strategies used by parents and caregivers to raise and educate children, which can vary widely across different cultures and families.

Emotional Damage

Psychological harm that affects an individual's emotional well-being and functioning.