Multiple Choice
Calgary Doughnuts had sales of $100 million in 2015.Its cost of sales were $70 million.If sales are expected to grow at 20% in 2016,compute the forecasted costs using the percent of sales method.
A) $80 million
B) $84 million
C) $88 million
D) $96 million
E) $102 million
Correct Answer:
Verified
Correct Answer:
Verified
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