Business, 13.04.2021 01:00 shels10tay

Advanced Enterprises reports year−end information from 2019 as follows: Sales (161,000 units) $965,000 Cost of goods sold (644,000) Gross margin 321,000 Operating expenses (266,000) Operating income $55,000 Advanced is developing the 2020 budget. In 2020 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 11%. 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 selling price in 2020?

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Advanced Enterprises reports year−end information from 2019 as follows: Sales (161,000 units) $96...

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