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This Quiz: 10 pts possib Advanced Enterprises reports year-end information from 2018 as follows: Sales (160 250 units) $968,000 Cost of goods sold 641.000 Gross
This Quiz: 10 pts possib Advanced Enterprises reports year-end information from 2018 as follows: Sales (160 250 units) $968,000 Cost of goods sold 641.000 Gross margin 327,000 Operating expenses 263.000 Operating income $64.000 Advanced is developing the 2019 budget. In 2019 the company would like to increase selling prices by 14.5%, 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 Should Advanced increase the seling price in 20197 O A. Yes, because operating income increases for 2019. OB. No, because sales volume decreases for 2019 OC. Yes, because sales revenue increases for 2019 OD. No, because gross margin decreases for 2019
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