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Question: Fly High Tech, an early-stage start

Fly High Tech, an early-stage start up, reports to its investors using a balanced scorecard that is prepared at the end of each quarter. During the first and second quarters of the current year, the company had the following results:
Fly High Tech, an early-stage start up, reports to its investors using a balanced scorecard that is prepared at the end of each quarter. During the first and second quarters of the current year, the company had the following results:
The following additional information is available:
• All jobs were filled as of the end of each quarter, and during the second quarter of the year Fly High hired seven new employees.
• Ten percent of customers from quarter one were lost during the second quarter, however the company increased sales and marketing expenditures by over 20 percent, resulting in a net gain in customers for the quarter.

Required: 
Compute the following measures that are included in Fly High Tech’s second quarter balanced scorecard:
1. Cash burn rate
2. Cash runway
3. Churn rate
4. Market share
5. Customer acquisition cost
6. Employee turnover rate

The following additional information is available: • All jobs were filled as of the end of each quarter, and during the second quarter of the year Fly High hired seven new employees. • Ten percent of customers from quarter one were lost during the second quarter, however the company increased sales and marketing expenditures by over 20 percent, resulting in a net gain in customers for the quarter. Required: Compute the following measures that are included in Fly High Tech’s second quarter balanced scorecard: 1. Cash burn rate 2. Cash runway 3. Churn rate 4. Market share 5. Customer acquisition cost 6. Employee turnover rate



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> Convert the degree measure to radian measure as a multiple of π and as a decimal accurate to three decimal places. 340º

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