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Business, 27.06.2020 05:01 barbie8775

Violet Sales Corp, reports the yearminusend information from 2019 as follows: Sales (35 comma 375 units) $ 283 comma 000 Cost of goods sold 114 comma 000 Gross margin 169 comma 000 Operating expenses 160 comma 000 Operating income $ 9 comma 000 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 15%. 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.)

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