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Exercise 12-36 Balanced Scorecard; Startup (LO 12-6, 12-7) FlyHigh Tech, an early-stage startup, reports to its investors using a balanced scorecard that is prepared at
Exercise 12-36 Balanced Scorecard; Startup (LO 12-6, 12-7) FlyHigh Tech, an early-stage startup, reports to its investors using a balanced scorecard that is prepared at the end of each quarter. During the first and second quarters of the current year, the company had the following results: The following additional information is available: All jobs were filled as of the end of each quarter, and during the second quarter of the year FlyHigh hired seven new employees. Ten percent of customers from quarter one were lost during the second quarter, however the company increased sales and marketin expenditures by over 20 percent, resulting in a net gain in customers for the quarter. Required: Compute the following measures that are included in FlyHigh Tech's second quarter balanced scorecard: (Round "Cash runway" answer to 1 decimal place.) Exercise 12-36 Balanced Scorecard; Startup (LO 12-6, 12-7) FlyHigh Tech, an early-stage startup, reports to its investors using a balanced scorecard that is prepared at the end of each quarter. During the first and second quarters of the current year, the company had the following results: The following additional information is available: All jobs were filled as of the end of each quarter, and during the second quarter of the year FlyHigh hired seven new employees. Ten percent of customers from quarter one were lost during the second quarter, however the company increased sales and marketin expenditures by over 20 percent, resulting in a net gain in customers for the quarter. Required: Compute the following measures that are included in FlyHigh Tech's second quarter balanced scorecard: (Round "Cash runway" answer to 1 decimal place.)
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