6. Suppose revenues for a small business are $60,000 this year and will grow 9% per year. Design a spreadsheet to compute revenue in each of the next 10 years.

In how many years from now will revenues first exceed $108,000?

Please specify your answer as an integer.

7.Suppose a small business has sales of $13,000 this month, with future sales expected to grow by $1,800 each month. Costs consist of a fixed component, which is $7,800 per month, and a variable component, which is 40 percent of sales. Design a spreadsheet to compute the gross profit (revenue less fixed and variable costs) per month over a nine month period.

What is the gross profit in a single month 7 months from now?

Please specify your answer as an integer.