Suppose you are creating the spreadsheet below to track the gas rates. A B C 1 Type of Customer Original Rate New Rate 2 Industrial 3 Business 4 Residential b. Based on the information in the article, what was the average monthly gas bill for a residential customer before the rate change? Round to the nearest dollar

Suppose you are creating the spreadsheet below to track the gas rates. A B C 1 Type of Customer Original Rate New Rate 2 Industrial 3 Business 4 Residential b. Based on the information in the article, what was the average monthly gas bill for a residential customer before the rate change? Round to the nearest dollar

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs

Section: Chapter Questions

Problem 1EP

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Concept explainers

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.

Question

2. Gas rates for residential customers will likely drop by 5.23 percent, starting Nov. 1. If the state Public Service Commission approves the lower rate, the average customer's monthly gas bill would drop by about $7.50 a month. Mountaineer's business customers will see their gas rates decline by about 4 percent, while industrial customer rates will drop 9.2 percent

Suppose you are creating the spreadsheet below to track the gas rates.

	A	B	C
1	Type of Customer	Original Rate	New Rate
2	Industrial
3	Business
4	Residential

b. Based on the information in the article, what was the average monthly gas bill for a residential customer before the rate change? Round to the nearest dollar.

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