Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blooms, etc. has a plant-of-the-season club. the c

Blooms, Etc. has a plant-of-the-season club. The club member receives a plant at the beginning...

50.1K

Verified Solution

Question

Accounting

Blooms, Etc. has a plant-of-the-season club. The club member receives a plant at the beginning of each new season, i.e., four times a year, at a discounted price. The annual membership fee is charged on a quarterly basis and Blooms net (revenues minus variable costs) is $31 per quarter. The annual retention rate is 48%, and the annual discount rate is 12%. Calculate the CLV of an existing club member. Assume end-of-period payments for simplicity.

Please show the work as Im trying to learn the concept

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Paisley found the following measures for the dimensions of her store 17 ft 24 ft...

Basic Math
1.2K views

In your own words, describe the correlation coefficient.

Chemistry
1.2K views

The good chemist is tasket with determining the concentration of manganese for a water sample drawn...

Civil Engineering
1.2K views

A GC needs to fill and compact a trench that has the following dimensions 150 x...

Civil Engineering
1.2K views

Q.In case of f(F,p,D,V,Mu,g), express F as a function of other physical quantities through Buckingam-pi...

Basic Math
1.2K views

Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping...

Physics
1.2K views

17 Figure gives the acceleration of a 2 0 kg body as it moves from...

Calculus
1.2K views

Let f x 3 cos 4 ln z Then 12 sin In x4 x f...

Algebra
1.2K views

7 y x 3 7 y x 3 2 A B O D

Accounting
1.2K views

solve 4 plz Task 2 Question 2 For the last two...

Accounting
1.2K views

The Chief Financial Officer of the company believes a more realistic scenario would be a...

Finance
1.2K views

Question #2 (10 Points): Consider the following two projects: Project, one has an initial cost...