What was Cloud’s customer acquisition cost at the end of the 4th quarter? Multiple Choice $33.34. $42.00. $20.00. $24.00. $8.67.
What was Cloud’s customer acquisition cost at the end of the 4th quarter? Multiple Choice $33.34. $42.00. $20.00. $24.00. $8.67.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 2PB
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Question
Hw.40.
Cloud Services uses a balanced scorecard to report to its investors at the end of each quarter. During the 3rd and 4th quarter, the company had the following results:
Quarter 3 | Quarter 4 | |||||
During the quarter: | ||||||
Revenue | $ | 675,000 | $ | 810,000 | ||
Cost of goods sold | 450,000 | 562,500 | ||||
Sales and marketing costs | 225,000 | 283,500 | ||||
General and administrative costs | 145,000 | 495,000 | ||||
Total market revenue | 22,500,000 | 20,250,000 | ||||
At the end of the quarter: | ||||||
Cash | 12,375,000 | 11,025,000 | ||||
Number of revenue-generating customers | 27,000 | 33,750 | ||||
Number of employees | 45 | 67 | ||||
What was Cloud’s customer acquisition cost at the end of the 4th quarter?
Multiple Choice
$33.34.
$42.00.
$20.00.
$24.00.
$8.67.
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