QUESTION 50 Aston Tate Company collected $88,000 in May of 2020 for 3 months of service which would take place beginning October 2020. Calculate the monthly revenue that is to be earned each month. (Please note that answers should be rounded to the nearest dollar amount, i.e. $1,666 67 should be entered as 1,667)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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QUESTION 50
Aston Tate Company collected $88,000 in May of 2020 for 3 months of service which would take place beginning October
2020.
Calculate the monthly revenue that is to be earned each month. (Please note that answers should be rounded to the
nearest dollar amount, l.e. $1,666.67 should be entered as 1,667)
Transcribed Image Text:QUESTION 50 Aston Tate Company collected $88,000 in May of 2020 for 3 months of service which would take place beginning October 2020. Calculate the monthly revenue that is to be earned each month. (Please note that answers should be rounded to the nearest dollar amount, l.e. $1,666.67 should be entered as 1,667)
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