Your answers are saved automatically Remaining Time: 1 hour, 04 minutes, 54 seconds Question Completion Status: Close Window Moving to the next question prevents changes to this answer Question 1 of Question 1 2 points Kramer Enterprises reports year end information from 2015 as follows: Sales (160 500 units) $968,000 Cost of goods sold 642.000 Gross margin 325,000 Operating expenses 260 000 Operating income $65,000 Kramer is developing the 2016 budget. In 2016 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 10%. 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 2016? $968,000 $99.524 $871,200 $1,108,360 Question to Moving to the next question prevents changes to this answer. Close Wind