Multiple Choice
Stanley Corp.has current sales of $50 million,cost of sales of $40 million and forecasts that next year's sales will grow to $60 million.Using the percent of sales method,compute the forecast for next year's cost of sales.
A) $48 million
B) $40 million
C) $50 million
D) $60 million
E) $44 million
Correct Answer:
Verified
Correct Answer:
Verified
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