Advanced Enterprises Reports Year-End Information from 2018 as Follows

question 221

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 12.5%,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 cost of goods sold for 2019?

• A)$723,375
• B)$585,130
• C)$700,870
• D)$643,000

---

Definitions:

Episodic Memory

refers to the ability to recall specific events, situations, or experiences from an individual's past, complete with contextual details.

Concepts

Abstract ideas or mental symbols that represent phenomena, objects, or conditions, forming the basic building blocks of thoughts and beliefs.

Symbols

Objects, signs, or representations that stand for or suggest something else by association, resemblance, or convention.

Words

Symbols or sounds that are used to represent objects, actions, thoughts, or feelings in communication.