Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ANSWER CHOICES FOR GROWTH RATE 1934-1936: 65.10% , 105.7% , 79.28% , 102.86% 1936-1939: 79.28% , 65.10% , 311.5% , 85.92% 1934-1939: 65.10% , 55.65%

image text in transcribedimage text in transcribed

ANSWER CHOICES FOR GROWTH RATE

1934-1936: 65.10% , 105.7% , 79.28% , 102.86%

1936-1939: 79.28% , 65.10% , 311.5% , 85.92%

1934-1939: 65.10% , 55.65% , 79.28% , 108.54%

Pharmacist John S. Pemberton invented a soft drink in 1886 that eventually became not only an integral part of everyday life in the United States but also a symbol of consumerism worldwide. In 1929 the first Coca-Cola vending machines were installed in Germany, and in 1930, the German branch of the Coca-Cola Co. opened in Essen. Germany was a growing market for Coca-Cola, along with other countries in Europe, before World War II. With the previous data given, calculate the company's sales growth rate for each time period in the following table: Years Growth Rate 1934-1936 Coca-Cola sales in Germany were 243,000 cases in 1934, 1 million cases in 1936, and 4.5 million cases in 1939. 1936-1939 1934-1939 (Source: "Coca-Cola GmbH and World War Two," www.gettherealfacts.co.uk/docs/gmbh.pdf) During World War II, Coca-Cola Co. cut off all syrup sales to Germany in 1940, resulting in no sales from 1943 to 1945. If Coca-Cola's sales had grown from 1939 to 1945 at the same rate that they grew between 1934 and 1939, its sales in 1945 would have been approximately cases. (Hint: Use sales data from 1939 as the present value.) 2.62 billion 313 million 5.41 million 149.42 million Coca-Cola's worldwide sales as of December 31, 2011, was 26.7 billion cases. Assume the following sales distribution: Unit Case Volume 20% Eastern Europe Germany Spain 16% 14% Great Britain 12% Italy 9% France 8% Other 21% If Coca-Cola's worldwide growth were to continue at the same growth rate as it did in Germany between 1939 and 2008, when sales grew at the rate of 10.26%, its hypothetical sales in Italy in 2053 (42 years from 2011) would be approximately billion cases. (Note: For this question, ignore other factors that affect sales.) 145.3 174.4 130.8 116.2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Investing Owning The Best Companies For The Long Term

Authors: Lawrence A. Cunningham, Torkell T. Eide, Patrick Hargreaves

1st Edition

0857195123, 9780857195128

More Books

Students also viewed these Finance questions