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Answer the following questions using the information below: Brent Enterprises reports the year-end information from...

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Accounting

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Answer the following questions using the information below: Brent Enterprises reports the year-end information from 2011 as follows: Sales (35,000 units) Cost of goods sold $280,000 105.000 Gross margin Operating expenses 175,000 100.000 Operating income $ 75,000 Brent is developing the 2012 budget. In 2012 the company would like to increase selling prices by 4%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 2012? $252,000 $262,080 $280,000 $291,200

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