Suppose a small business has sales of $14,000 this month, with future sales expected to...
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Accounting
Suppose a small business has sales of $14,000 this month, with future sales expected to grow by $1,000 each month. Costs consist of a fixed component, which is $8,400 per month, and a variable component, which is 25 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 5 months from now? Please specify your answer as an integer
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