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Business, 14.10.2019 21:00 studybuddy0203

Shannon’s currently boasts a customer base of 1,750 customers that frequent the brewhouse on average twice per month and spend $30 per visit. shannon β€˜s current variable cost of goods sold is 50% of sales. the customer base is growing at the rate of 3% per month with a customer retention rate of 0.75%, based on data collected from its website and an analysis of credit card receipts. it’s current cost of capital for borrowing and investing is about 12% per year. what is shannon’s approximate clv for its average customer? compute your answer to the nearest penny.

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