For this year 2020, Dulce Candies expects a 15% increase from 2019 sales of P75,000. It hopes to maintain cost of sales ratio at 32%; and marketing and administrative expenses at 8% of sales. Based on these assumptions, 8. Amount of sales for year 2020 should be a) P11,250 | b) P24,000 P86,250 d) P105,000 9. Cost of sales at that volume is expected to be_ a) P24,000 | b) P63,750 P99,000 d) P105,000 10. Marketing and administrative expenses should be around b) P32,000 a) P75,000 c) P11,250 d) P6,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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For this year 2020, Dulce Candies expects a 15% increase from 2019 sales of P75,000. It hopes to maintain cost of
sales ratio at 32%; and marketing and administrative expenses at 8% of sales. Based on these assumptions,
8. Amount of sales for year 2020 should be
a) P11,250
| b) P24,000
c) P86,250
d) P105,000
9. Cost of sales at that volume is expected to be
b) P63,750
a) P24,000
10. Marketing and administrative expenses should be around
P99,000
d) P105,000
a) P75,000
b) P32,000
P11,250
d) P6,000
Transcribed Image Text:For this year 2020, Dulce Candies expects a 15% increase from 2019 sales of P75,000. It hopes to maintain cost of sales ratio at 32%; and marketing and administrative expenses at 8% of sales. Based on these assumptions, 8. Amount of sales for year 2020 should be a) P11,250 | b) P24,000 c) P86,250 d) P105,000 9. Cost of sales at that volume is expected to be b) P63,750 a) P24,000 10. Marketing and administrative expenses should be around P99,000 d) P105,000 a) P75,000 b) P32,000 P11,250 d) P6,000
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