Assume that a lawn service company collected ($127,000) last month and that it charges a typical customer
Question:
Assume that a lawn service company collected \($127,000\) last month and that it charges a typical customer \($100\) per month for its service. This month the revenue is \($134,000\) and the sales department claims to have added 300 new customers.
a. How many customers did the company actually have and collect payments from last month?
b. How many paying customers does the company have this month?
c. How many customers probably disconnected from the company’s service in the past month?
d. What is the disconnect rate?
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a To find out how many customers the company had and collected payments from last month we can divid...View the full answer
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Related Book For 
Entrepreneurial Financial Management An Applied Approach
ISBN: 9781000650488
5th Edition
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
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