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Calgary Doughnuts Had Sales of $100 Million in 2007

Question 18

Multiple Choice

Calgary Doughnuts had sales of $100 million in 2007. Its cost of sales were $70 million. If sales are expected to grow at 20% in 2008, compute the forecasted costs using the percent of sales method.


A) $80 million
B) $84 million
C) $88 million
D) $96 million

Correct Answer:

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