Multiple Choice
Using the percentage method for estimating expenses, if the current beverage cost is 20 percent and projected beverage revenue is $60,000, the estimated beverage cost in dollars for the new budget period would be:
A) $12,000.
B) $48,000.
C) $72,000.
D) $80,000.
Correct Answer:
Verified
Correct Answer:
Verified
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