subject
Business, 19.02.2022 14:00 porterdylan15

Jenny owns a salon. She had 150 customers at the end of the third quarter, 151 customers at the beginning of the third quarter, and five new customers in the third quarter. What is her customer retention rate for the third quarter? Customer Retention = (# Customers at End of time Period less New Customers)/Customers at beginning of time Period

Multiply the result by 100 to convert to percentage

Do not forget to type the % symbol after multiplying your result by 100 to convert to percentage!

Hint: Your answer will NOT have decimal point.

Example: 75%

Mike owns a skate shop. He is preparing the cash flow statement for his first year of operation. He had a beginning cash balance of $4,800, $103,000 in total cash sales, $3,500 for utilities, $2,600 in loan payments, and $5,500 for marketing cost. What is Mike's ending cash balance?

Ending Cash Balance = Beginning Cash + Cash Inflow – Cash Outflow

Hint: Do not forget to include the comma to separate the digits and to type the $ symbol!

Example: $32,100

Sherry owns a car business. She just received a shipment of Volkswagen SUVs. She paid $60,000 for each vehicle and wants to make 25% on each car sale. What is Sherry's selling price?

First convert the markup percentage to decimal by dividing

(25 / 100 = 0.25)

Then multiply it by the cost of the vehicle to get the Additional Margin

Additional Margin = $60,000 x 0.25 =

Second, add the Cost Price and the Additional Margin to get the Selling Price.

Hint: Do not forget to include the comma to separate the digits and to type the $ symbol!

Example: $15,100

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 14:50, axelgonzalez9999
Morris borrowed $9,000 from a credit union at 13% simple interest for 42 months. what were his money installment payments?
Answers: 3
image
Business, 22.06.2019 04:40, aidanfbussiness
Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a. they set the prime rateob. they monitor functioning of banks in their through onsite and offsite reviewsc. they assess taxes in their destnictd. they write fiscal policies
Answers: 1
image
Business, 22.06.2019 11:20, jasalina
In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i
Answers: 2
image
Business, 22.06.2019 12:10, weeman6546
Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is:
Answers: 2
You know the right answer?
Jenny owns a salon. She had 150 customers at the end of the third quarter, 151 customers at the begi...

Questions in other subjects:

Konu
Mathematics, 03.06.2021 19:50
Konu
Social Studies, 03.06.2021 19:50
Konu
Spanish, 03.06.2021 19:50