Sherman Company provides carpet cleaning services to commercial and residential customers. The commercial business segment provided services to 200 customers. The residential business segment provided services to 400 customers. Using the data below, determine the average amount Sherman Company charged each type of customer for services, the average variable cost per customer, and the average contribution margin per customer, rounded to two decimal places. What caused the difference in contribution margin in the two segments?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sherman Company provides carpet cleaning services to commercial and residential customers. The commercial business segment provided ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is the price of a $1,000 par value bond with an 8% coupon rate paid annually, and 6 years to maturity if the bond is currently sold at the yield-to-maturity of 7.32%? Round to the nearest cent. Do not a dollar sign in your answer.
Answers (1)
Imagination Dragons Corporation needs to raise funds to finance a plant expansion, and it has decided to issue 25-year zero coupon bonds with a par value of $1,000 each to raise the money. The required return on the bonds will be 9 percent.
Answers (1)
After you open your new business is not the best time to A. make improvements to your product. B. build a loyal customer base. C. conduct research on your product. D. use your imagination and be creative.
Answers (1)
After conducting 90-minute interviews of 60,463 people, the world health organization estimated the number of prior-year mental disorders in 20 countries. which country had the highest rate of diagnosed psychological disorders?
Answers (1)
What two items were on mr. liottas resume that should have been excluded?
Answers (1)
New Questions in Business
What type of skills tends to be equally important at all levels of management? a. technical skills b. human skills c. decisional skills d. motivation to manage e. conceptual skills
Answers (1)
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time.
Answers (1)
Which NIMS structure develops, recommends, and executes public information plans and strategies? A. Emergency Operations Center (EOC). B. Incident Command System. C. MAC Groups. D. Joint Information System (JIS).
Answers (1)
Rules of Debit and CreditThe following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit.
Answers (1)
Around which latitude (s) would you expect to find rainforests, and why? (you may enter up to 150 characters.)
Answers (1)