Investing in emerging markets is an effective means of diversifying a U.S. portfolio

Companies develop frequency programs to encourage customer loyalty and to match or preempt the competition

Indicate whether the statement is true or false

Use the "percent of sales method" of preparing pro forma financial statements to determine the

projection for next year's cost of goods sold. Make the following assumptions: current year's sales are $27,800,000; current year's cost of goods sold is $17,528,000; sales are expected to rise by 30%. What is the projection for next year's cost of goods sold? A) $20,481,000 B) $21,459,200 C) $21,138,900 D) $22,786,400