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Umnica [9.8K]
3 years ago
12

Find both the arithmetic growth rate and the geometric growth rate of the dividends for Custer's Ice Cream Shoppes.

Business
1 answer:
Katen [24]3 years ago
4 0

Answer:

Arithmetic Growth rate is about 19.89%

Geometric Growth rate is about 23.44%  

Explanation:

Dividend Arithmetic Growth rate is calculated as follows

Step 1:

Find the growth rate of each year

Step 2:

Take its sum

Step 3:

Make an average by dividing the sum of all growths by Number of years in  growth.

Dividend Arithmetic Growth rate is calculated as follows

Step 1:

Find the growth rate of each year

Step 2:

Take sum of all positive growth rates because geometric mean does not include the negative values.

Step 3: Multiply every growth and take the square root of the resultant product of these growths.

A MS Excel File is attached for the working. please find it.

Download xlsx
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The quantity demanded of cereal increased from 1,350 to 1,700 when the price of milk decreased from $2.05 to $1.65. What is the
Iteru [2.4K]

Answer:

-1.33

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good X to changes in price of good Y.

Cross price elasticity of demand = percentage change in quantity demanded of good X / percentage change in price of good Y

Percentage change in quantity demanded = (1700 / 1350) - 1 = 0.2593 = 25.93%

Percentage change in price = (1.65 / 2.05) - 1 = -0.1951 = -19.51%

25.93% / -19.51% = -1.33

I hope my answer helps you

8 0
4 years ago
Had columbus's voyage acquired wealth for spain, he was supposed to keep what amount?
kotegsom [21]
He was supposed to keep 10%.
The 10% share was one of the columbus demand' when both columbus and the crown agreed to the terms for his voyage fundinsg.
But, since <span>he had been relieved of his duties as governor, the Crown no longer feel obligated to honour the term of the contract.</span>
5 0
3 years ago
You meet a friend of yours for lunch. He is a supplier of coffee machines. While talking business, you mention to him that you'v
9966 [12]

Answer and explanation:

There are several factors to be considered at the moment of setting the price of a good or service that is going to be offered. Raw materials, production costs per unit, and labor are the most common. However, setting the price based on the competitors seems vague. An organization cannot depend on this matter strictly of another organization since the reasons for getting to the competitors' price is unknown.

Basing the price of a product based on demand and supply could be a good option. It will imply the price level will fluctuate according to market requests. By doing this, companies make sure to keep their expected revenues almost the same regardless of what competitors might be doing.

5 0
3 years ago
Which of the following fundamental responsibilities is not correct? a. The controller notifies the business reporting department
seraphim [82]

Answer:

d. Detailed reporting of daily production is sent to the president

Explanation:

Fundamental responsibilities involves process in which the controller notifies the business reporting department of various adjusting entries, which are sent to the financial reporting officer as adjusted trial balance figures.

The treasurer notifies the business reporting department of investing and financing transaction activities.

8 0
3 years ago
Geraths Windows manufactures and sells custom storm windows for three-season porches. Geraths also provides installation service
defon

Answer:

July 1

No Entry

Sep 1

Dr Cash $2,000

Dr Accounts Receivable $400

Dr Cost of goods sold $1,100

Cr Inventory $1,100

Cr Unearned Service Revenue $554

Cr Sales Revenue $1,846

Oct 15

Dr Cash $400

Dr Unearned Service Revenue $554

Cr Service Revenue $554

Cr Accounts Receivable $400

Explanation:

Preparation of the journal entries for Geraths in 2020.

July 1

No Entry

Sep 1

Dr Cash $2,000

Dr Accounts Receivable $400

($2400-$2000)

Dr Cost of goods sold $1,100

Cr Inventory $1,100

Cr Unearned Service Revenue $554

($600/$600+$2000*$2400)

Cr Sales Revenue $1,846

($2,000/$600+$2000*$2400)

Oct 15

Dr Cash $400

($2400-$2000)

Dr Unearned Service Revenue $554

Cr Service Revenue $554

($600/$600+$2000*$2400)

Cr Accounts Receivable $400

($2400-$2000)

5 0
3 years ago
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