Question
A company reported revenue earnings of $10,000 during January 2012, and $10,201 during March 2012. This increase in revenue earnings of 1% a month continued
A company reported revenue earnings of $10,000 during January 2012, and $10,201 during March 2012. This increase in revenue earnings of 1% a month continued for the next 10 years.
a) Find the revenue earned during the month of Oct 2012.
b) Find the total revenue earned from January 2012 to December 2014.
c) Find the total revenue earned for the year 2014.
d) How many months did the company take to earn a total revenue of $300,000? Also, state the month and year this happened.
Step by Step Solution
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Step: 1
To solve the given questions we can utilize the provided information that the revenue earnings increased by 1 each month a To find the revenue earned ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
