subject
Business, 19.05.2020 18:59 redthangracing

GEICO, the number-two auto insurer with $20 billion in revenue last year, spent $0.8 billion on advertising that year and plans 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 $23 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? The advertising-to-sales ratio for the last year is nothing. (Round to four decimal places.) Using the advertising-to-sales ratio for the last year, GEICO will budget $ nothing billion for advertising next year. (Round to one decimal place.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 04:40
Who has summer school : ( because i do : (
Answers: 1
question
Business, 22.06.2019 10:40
Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable
Answers: 2
question
Business, 23.06.2019 01:40
The petty cash fund has a current balance of $ 350, which is the established fund balance. based on activity in the fund, it is determined that the balance needs to be changed to $ 450. which journal entry is needed to make this change?
Answers: 3
question
Business, 23.06.2019 03:00
Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is
Answers: 1
You know the right answer?
GEICO, the number-two auto insurer with $20 billion in revenue last year, spent $0.8 billion on adve...
Questions
question
Mathematics, 06.01.2021 07:00
question
World Languages, 06.01.2021 07:00