Calgary Doughnuts Had Sales of $100 Million in 2015

question 78

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

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