The table below presents the annual revenue collections and tax rate for the College City...
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Accounting
The table below presents the annual revenue collections and tax rate for the College City beer tax from FY 2011 to FY 2017. A city council member has asked you to determine the long run organic or natural growth in beer tax revenue. Which of the responses below is accurate?
| Fiscal Year | City Beer Tax Revenue | Tax Rate (in cents per gallon) |
| 2011 | $1,000,000.00 | 22 |
| 2012 | $1,022,100.00 | 22 |
| 2013 | $1,056,851.40 | 22 |
| 2014 | $1,081,581.72 | 22 |
| 2015 | $1,180,698.48 | 24.2 |
| 2016 | $1,238,160.27 | 24.2 |
| 2017 | $1,274,066.92 | 24.2 |
A) 4.12% per year on average from FY 2011 to FY 2017.
B) 4.15% per year on average from FY 2011 to FY 2017.
C) 2.48% per year on average from FY 2011 to FY 2017.
D) 3% per year on average from FY 2011 to FY 2017.
E) All of the above.
F) None of the above.
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