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Author Question: Christy Enterprises reports the year-end information from 2018 as follows: Sales (100,000 ... (Read 177 times)

AEWBW

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on: Mar 6, 2021

Question 1

When administered wisely, budgets promote communication and coordination among the various subunits of the organization.
◦ true
◦ false

Question 2

Christy Enterprises reports the year-end information from 2018 as follows: 

Sales (100,000 units)$500,000
Less: Cost of goods sold300,000
Gross profit200,000
Operating expenses (includes $20,000 of Depreciation)120,000
Net income$ 80,000

Christy is developing the 2019 budget. In 2019 the company would like to increase selling prices by 10%, and as a result expects a decrease in sales volume of 5%. Cost of goods sold as a percentage of sales is expected to increase to 62%. Other than depreciation, all operating costs are variable. 

Required: 
Prepare a budgeted income statement for 2019.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by AEWBW on Mar 6, 2021

mochi09

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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AEWBW

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

tandmlomax84

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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