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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 230

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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 230 hours in your first month and 350 hours in your second month of business. You charge your customers $23 per hour. Your anticipated costs include: Advertising Gas Depreciation Assistant's Wages Miscellaneous Expenses $23 per month $1,40 per hour $25 per month $10.00 per hour $40 per month You plan on collecting 90% of your sales in the month you mow the lawn and the remainder in the following month. Calculate the amount of Cash Collections in your second month of business

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