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

Which of the following is true of debt securities?

A) Debt securities entitle the holder to receipt of a share of profit in the form of dividends. B) Debt securities typically pay interest for a fixed period. C) Debt securities include preferred stocks. D) Debt securities represent ownership interests of the investors.

Which approach to retail expansion is most appropriate when targeting a country that management considers both culturally close and easy to enter?

A) organic growth B) chain acquisition C) franchise D) joint venture E) own-label focus