Homework answers / question archive / Kramer Enterprises reports year-end information from 2015 as follows:  Sales (160,000 units) $960,000 Cost of goods sold 640,000 Gross margin 320,000 Operating expenses 260,000 Operating income $60,000  Kramer is developing the 2016 budget

Kramer Enterprises reports year-end information from 2015 as follows:  Sales (160,000 units) $960,000 Cost of goods sold 640,000 Gross margin 320,000 Operating expenses 260,000 Operating income $60,000  Kramer is developing the 2016 budget

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Kramer Enterprises reports year-end information from 2015 as follows: 
Sales (160,000 units) $960,000

Cost of goods sold 640,000

Gross margin 320,000

Operating expenses 260,000

Operating income $60,000 
Kramer is developing the 2016 budget. In 2016 the company would like to increase selling prices by 12.5%, and as a result expects a decrease in sales volume of 9%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. 
What is budgeted sales for 2016?