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Penny's TV and Appliance Store is a small company that has the following information pertaining...

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Accounting

Penny's TV and Appliance Store is a small company that has the following information pertaining to current year operations.

Sales (2,000 televisions) $900,000
Cost of goods sold 400,000
Store manager's salary per year 70,000
Operating costs per year 157,000
Advertising and promotion per year 15,000
Commissions (4% of sales) 36,000

What are the estimated total costs if Penny's expects to sell 3,000 units next year?

Select one:

A. $1,259,000

B. $678,000

C. $896,000

D. $542,000

E. $269,000

Answer & Explanation Solved by verified expert
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