You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 310 hours per month and charge your customers $15 per hour. Your anticipated costs include: Advertising$31 per monthGas$1.50 per hourDepreciation$25 per monthAssistant's Wages$8.00 per hourMiscellaneous Expenses$50 per monthCalculate your budgeted sales revenue for the year.

The sales revenue is based on the number of hour worked during the year and the rate per hour…

Answered: You plan on starting a lawn mowing…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 310 hours per month and charge your customers $15 per hour. Your anticipated costs include:

Advertising $31 per month

Gas $1.50 per hour

Depreciation $25 per month

Assistant's Wages $8.00 per hour

Miscellaneous Expenses $50 per month

Calculate your budgeted sales revenue for the year.

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