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aleksandr82 [10.1K]
3 years ago
8

​GEICO, the​ number-two auto insurer with ​$15 billion in revenue last​ year, spent ​$0.8 billion on advertising that year and p

lans to continue spending the same percentage of sales on advertising next year. The average​ advertising-to-sales ratio for the insurance industry is 0.3 percent of sales. If GEICO projects ​$19 billion in sales next​ year, using the​ percentage-of-sales method of advertising​ budgeting, how much will the company budget for advertising if basing it on projected​ sales?
Business
1 answer:
Oduvanchick [21]3 years ago
3 0

Answer:

 $1.01 billion

Explanation:

The computation of the amount for advertising based on projected sales is shown below:

= Advertising expense ÷ sales × projected sales in next year

= $0.8 billion ÷ $15 billion × $19 billion

=  $1.01 billion

First we find out the advertise to sales ratio after than we multiplied it with the projected sales in next year  in order to find out the advertising based on projected sales

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Answer:

Total yield or rate of return is 0.36 or 36%

Explanation:

To calculate rate of return which is also the total yield on the stock, we will use the following formula,

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Total dividends for the year = 1.5 * 4 = $6

C = 130 - 100 = $30

Total Yield = (6 + 30) / 100

Total yield = 0.36 or 36%

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3 years ago
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A manager responsible for facilitating the exchange of products between an organization and its customers through activities suc
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marketing manager

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6 0
3 years ago
On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on
ololo11 [35]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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3 0
3 years ago
The market risk, beta, of a security is equal to Group of answer choices the variance of the security's returns divided by the c
GaryK [48]

Answer:

the covariance between the security's return and the market return divided by the variance of the market's returns

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3 years ago
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