You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 280 hours per month and charge your customers $17 per hour. Your anticipated costs include: Advertising$20 per monthGas$1.60 per hourDepreciation$25 per monthAssistant's Wages$10.00 per hourMiscellaneous Expenses$60 per monthCalculate your budgeted Sales Revenue for the month.

Computation of Budgeted Sales Revenue:- Particulars Amount($) (a)Number…

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 280 hours per month and charge your customers $17 per hour. Your anticipated costs include:

Advertising $20 per month

Gas $1.60 per hour

Depreciation $25 per month

Assistant's Wages $10.00 per hour

Miscellaneous Expenses $60 per month

Calculate your budgeted Sales Revenue for the month.

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