Leeds Services Provides Event Management Services The Business Segments Had the Following Number of Customers: Matt,26

question 3

Multiple Choice

Leeds Services provides event management services.The company has three employees,each assigned to specific customers.The company considers each employee's territory as a business segment.The following data relate to its three segments for the month of June: $$\begin{array} { | l | r | r | r | } \hline & \text { Matt } & \text { Andrea } & \text { Doug } \\\hline \text { Sale Revenue } & \$ 6,000 & \$ 11,800 & \$ 14,350 \\\hline \text { Variable costs } & \$ 5,900 & \$ 5,200 & \$ 11,500 \\\hline\end{array}$$ The business segments had the following number of customers: Matt,26 ; Andrea,29; and Doug,35.The total fixed costs for the month of June amounts to $3,400.Which business segment was the most profitable?

• A)Matt
• B)Andrea
• C)Doug
• D)Both Matt and Andrea are equally profitable

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Definitions:

Specified Time Periods

Designated or clearly defined intervals of time within which certain actions are performed or conditions are to be met.

Exchange Controls

Regulatory measures imposed by a government on the buying/selling of foreign currencies or on the movement of currencies out of a country.

Exchange Control

Restriction on importation of certain products or against certain companies to reduce trade and expenditures of foreign currency.

Domestic Capital

Financial assets and resources available within a country, including savings and investments, that are used for economic growth.