NO.PZ201512300100000504
问题如下：
4. Based on Exhibits 1 and 2, Candidate C’s forecast for cost of sales in 2013 is closest to:
选项：
A.$18.3 million.
B.$18.9 million.
C.$19.3 million.
解释：
C is correct.
Candidate C assumes that the 2013 gross margin will increase by 20 bps from 2012 and that net sales will grow at 50 bps slower than nominal GDP (nominal GDP = Real GDP + Inflation = 1.6% + 2.0% = 3.6%). Accordingly, the 2013 forecasted costs of sales are $19.27 million, rounded to $19.3 million.
