Emmons Lawn Maintenance (ELM) provides lawn and garden care for residential properties. In the current year,...

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Emmons Lawn Maintenance (ELM) provides lawn and garden care for residential properties. In the current year, ELM maintains 93 properties and earns an average of $8,600 annually for each property. The owner of ELM is planning for the coming year. New building in the area is expected to increase volume by 38 percent. In addition, the owner estimates that the number of homeowners that will want ELM's service will increase by 28 percent. ELM plans to increase the price of service by 21.5 percent to cover expected increased wage and equipment costs. Required: Estimate revenues for Emmons Lawn Maintenance for the coming year. Note: Enter your answer rounded to the nearest whole dollar. > Answer is complete but not entirely correct. 1,661,140 Revenues Emmons Lawn Maintenance (ELM) provides lawn and garden care for residential properties. In the current year, ELM maintains 93 properties and earns an average of $8,600 annually for each property. The owner of ELM is planning for the coming year. New building in the area is expected to increase volume by 38 percent. In addition, the owner estimates that the number of homeowners that will want ELM's service will increase by 28 percent. ELM plans to increase the price of service by 21.5 percent to cover expected increased wage and equipment costs. Required: Estimate revenues for Emmons Lawn Maintenance for the coming year. Note: Enter your answer rounded to the nearest whole dollar. > Answer is complete but not entirely correct. 1,661,140 Revenues

Answer rating: 100% (QA)

Calculation of the expected increase in volume New volume Current volume 1 Increase percentage ... View the full answer