Assume that a lawn service company collected ($127,000) last month and that it charges a typical customer

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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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Entrepreneurial Financial Management An Applied Approach

ISBN: 9780367335410

5th Edition

Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman

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Question Posted: May 12, 2024 08:14 AM

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Assume that a lawn service company collected ($127,000) last month and that it charges a typical customer

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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

Entrepreneurial Financial Management An Applied Approach

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