Question: Can you please review this problem and advise whether I have competed correctly? Thank you! Exercise B Assume you had invested $1,000 in a lawn
Can you please review this problem and advise whether I have competed correctly? Thank you!
Exercise B Assume you had invested $1,000 in a lawn mower to set up a lawn mowing business for the summer. During the first week, you could choose either to mow the grounds at a housing development for $1,400 or to help paint a garage for $1,360. Each job would take one week. You cannot do both. You would incur additional costs of $160 for lawn mowing and $80 for garage painting. These costs include $60 under each alternative for transportation to the job. Show the net benefit or advantage of selecting one alternative over the other.
Formula Used for This Schedule: Net Benefit = Total Revenue - Total Cost

Lawn Mowing Business Amount Garage Painting Business Amount Revenue $1,400.00 Revenue $1,360.00 Investment 1,000.00 Investment 1,000.00 Additional Costs/Transportation 160.00 Additional Costs (Including 80.00 Transportation) Net Benefit/Advantage $ 240.00 Net Benefit/ Advantage $ 280.00
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