Multiple Choice
The Erie Bay Liner Company has sales of $2.6 million and operating expenses of $175,000.The firm uses the percentage of sales approach and estimates next year's sales at $2.8 million.What are the operating expenses expected to be next year?
A) $171,231
B) $175,123
C) $179,400
D) $182,549
E) $188,462
Correct Answer:
Verified
Correct Answer:
Verified
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