Calgary Doughnuts Had Sales of $200 Million in 2015

question 70

Multiple Choice

Calgary Doughnuts had sales of $200 million in 2015.Its cost of sales were $160 million.If sales are expected to grow at 10% in 2016,compute the forecasted costs using the percent of sales method.

• A)$160 million
• B)$170 million
• C)$173 million
• D)$176 million
• E)$180 million

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Definitions:

Hopi Indians

A Native American tribe primarily living in northeastern Arizona, known for their pueblo-style villages and rich cultural heritage.

Residence

A place where an individual lives or stays.

Previous Unions

Past relationships or partnerships, especially those formalized through marriage or similar binding commitments.

Family

Two or more people related by blood, marriage, or adoption. The family may take many forms, ranging from a single parent with one or more children, to a married couple or polygamous spouses with or without offspring, to several generations of parents and their children.