Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
100%
A. 155
B. 103.4
C. 116.3
D 129.2
![Coca-Cola's worldwide sales as of December 31, 2011, was 26.7 billion cases. Assume the following sales distribution:
Unit Case Volume
Eastern Europe
20%
Germany
16%
Spain
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 France in 2053 (42 years from 2011) would be approximately
v billion cases. (Note: For this question,
ignore other factors that affect sales.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0bb0a428-8046-4a26-8c11-27a696d0ed4d%2Fb3892e0e-c7af-4172-a345-ddcf9e343bd0%2F502thrc_processed.png&w=3840&q=75)
Transcribed Image Text:Coca-Cola's worldwide sales as of December 31, 2011, was 26.7 billion cases. Assume the following sales distribution:
Unit Case Volume
Eastern Europe
20%
Germany
16%
Spain
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 France in 2053 (42 years from 2011) would be approximately
v billion cases. (Note: For this question,
ignore other factors that affect sales.)
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