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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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