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
Answer: B
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)