To calculate the growth rate in revenue for the first quarter of 2007, we use the formula:
Growth rate = [(Current period revenue - Previous period revenue) / Previous period revenue] * 100
Based on the data given:
Current period revenue for Q1 2007 = R1424
Previous period revenue for Q1 2006 = R1432
Growth rate = [(1424 - 1432) / 1432] * 100
Growth rate = (-8 / 1432) * 100
Growth rate = -0.5587%
Therefore, the growth rate in revenue for the first term of 2007 is -0.5587% or approximately -0.56%.
The data in the table below represents the revenue (in R 10 000) of a well – known supermarket for each over a two –year period: The growth rate in revenue for the first term of 2007, using the method current period on the preceding period at annual rates is:
2006 (I) R 1432
(II) R 1500
(III) R 1620
(IV) R 1648
2007 (I) R 1424
(II) R 1610
(III) R 1693
(IV) R 1733
-45.89%
-44.25%
-13.59%
0.4425%
55.75%
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