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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

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:


Quarter 1
Quarter 2
During the quarter:






Revenue $ 150,000

$ 180,000
Cost of goods sold
100,000


125,000
Sales and marketing costs
50,000


63,000
General and administrative costs
100,000


110,000
Total market revenue
5,000,000


4,500,000
At the end of the quarter:






Cash $ 2,750,000

$ 2,450,000
Number of revenue-generating customers
6,000


7,500
Number of employees
10


15


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 marketing 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:

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