Business, 21.03.2020 02:02 armon15

Kramer Enterprises reports year ed information as follows.. Sales (160,000 units) = 960,000 COGS= 640,000 Gross margin= 320,000 Operating expenses= 260,000 Operating income= 60,000

Kramer is developing the 2016 budget. in 2016 the company would like to increase selling prices by 12.5%, and as a result expects a decrease in sales volume by 9%. All other operating expesnes are expected to remain constant. Assume that costs of goods sold is a variable cost and that operating expenses are a fixed cost..

1. What is the budgeted sales for 2016?

a. 1,080,000...

b. 1,000,000...

c. 982,800...

d. 873,600...

2. What is the budgeted COGS for 2016?

a. 720,000...

b. 582,400...

c. 691,200...

d. 640,000...

3. Should Kramer increase the selling price?

a. Yes, because operating income increases for 2016...

b. Yes, because sales revenue increases for 2016

c. No, because sales volume decreases for 2016...

d. No, because gross margin decreases for 2016...

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:00

Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic. hughes sought a position as a sales director for st. jude. st. jude told hughes that his contract with medtronic was unenforceable and offered him a job. hughes accepted. medtronic filed a suit, alleging wrongful interference. which type of interference was most likely the basis for this suit? did it occur here? medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic

Answers: 2

Answer

Business, 22.06.2019 12:10

Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?

Answers: 2

Answer

Business, 22.06.2019 19:10

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration

Answers: 1

Answer

Business, 22.06.2019 21:40

Penny poodle wanted to know which dog obedience training program was more effective: puppy pride, the approach she has been using for any years, or doggie do-right, a new approach. penny convinced 50 human companions of untrained dogs to participate in her study. the dogs and their humans were randomly assigned to complete the puppy pride or doggie do-right course. at the end of the training programs, all of the dogs were scored on their level of obedience on a standardized dog obedience checklist (scores could range from 10 to 100). the design of this study is:

Answers: 2

Answer

You know the right answer?

Kramer Enterprises reports year ed information as follows.. Sales (160,000 units) = 960,000 COGS= 64...

Questions