Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

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 Cost of goods sold Sales and marketing costs General and administrative costs Total market revenue At the end of the quarter: Cash Number of revenue-generating customers Number of employees $ 150,000 100,000 50,000 100,000 5,000,000 $ 180,000 125,000 63,000 110,000 4,500,000 $2,750,000 6,000 10 $2,450,000 7,500 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: (Round "Cash runway" answer to 1 decimal place.) Required: Compute the following measures that are included in FlyHigh Tech's second quarter balanced Scorecard: (Round "Cash runway" answer to 1 decimal place.) Balanced Scorecard per month 1. Cash burn rate 2. Cash runway months 3. Churn rate % 4. Market share % per customer 5. Customer acquisition cost 6. Employee turnover rate %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Issues In Social Science

Authors: Simon Grima, Ercan Özen, Hakan Boz

1st Edition

1800439318, 9781800439313

More Books

Students also viewed these Accounting questions