QUESTIONS You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 330 hours in your first month and 70 hours in your second month of business. You charge your customers $10 per hour. Your anticipated costs include: Advertising $5 per month Gas $1.50 per hour Depreciation $25 per month Assistant's Wages $7.00 per hour Miscellaneous Expenses $50 per month You plan on collecting 90% of your sales in the month you mow the lawn and the romainder in the following month. Calculate the accounts receivable balance at the end of your first month of business. 0.5 points Save Answer QUESTION 6 You decide to earn some money during the summer by running a lawn mowing service called Blade for Blade, Inc. You plan to work 170 hours per month. You will charge customers $20 per hour and 10% of your customers will pay you in cash and the rest of your customers will pay you in the following month. How much should your estimated accounts receivable balance equal on your balance sheet at the end of the month? 0.5 points Sve Me