Jake owns a garden supply store. His revenue at the end of last month was $12,200. What is Jake's run rate?

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Study for the GMetrix Marketing Test. Prepare with flashcards and multiple-choice questions, each question offers hints and explanations. Ensure success with comprehensive study materials for your exam!

Multiple Choice

Jake owns a garden supply store. His revenue at the end of last month was $12,200. What is Jake's run rate?

Explanation:
Run rate is an annualized projection of revenue based on a recent period. If last month brought in 12,200, you estimate the yearly figure by multiplying by 12: 12,200 × 12 = 146,400. So the run rate would be 146,400. This approach assumes the current month’s performance continues at the same pace, without accounting for seasonal shifts or growth changes.

Run rate is an annualized projection of revenue based on a recent period. If last month brought in 12,200, you estimate the yearly figure by multiplying by 12: 12,200 × 12 = 146,400. So the run rate would be 146,400. This approach assumes the current month’s performance continues at the same pace, without accounting for seasonal shifts or growth changes.

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