BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A manufacturer of LCD televisions has seen sales increase from 125, 000 units per year to 500, 000 units per year in 8 years. What has been the firm’s average annual rate of increase in the number of television sets sold? Use the Rule of 72 to determine your answer.
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The average annual rate of change has been between 10% and 11%.
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The average annual rate of change has been between 18% and 19%.
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The average annual rate of change has been between 15% and 16%.
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There is not enough information to answer this question.
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Explanation:
There is 1 question to complete.