ds 2810

Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate complet Royal Philips Electronics of the Netherlands reports sales of 24.5 billion for a recent year. Assume that the company expects sales growth of 3% for the next year. Also assume that selling expenses are typically 20% of sales, while general and administrative expenses are 4% of sales. 1. Compute budgeted sales for the next year. (Enter your answer in billions rounded to 3 decimal places.) 2. Assume budgeted sales for next year is 25 billion, and then compute budgeted selling expenses and budgeted general and administrative expenses for the next year. (Enter your answers in billions of pounds.) Answer is complete but not entirely correct. Budgeted sales Budgeted selling expenses Budgeted general and administrative expenses 735,000,000.000 5,000 1.000