Problemyour small landscaping business generated 500000 in, Ask an Expert

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Problem:

Your small landscaping business generated $500,000 in gross receipts this year and had net margins of 12%. Housing starts in your vicinity is expected to increase by 30%, so you conservatively estimate that your business will increase by 8%. Assuming no changes in your net margins, what do you expect your profit to be next year? Explain in detail.

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Category:- Basic Finance
Reference No.:- M91146008

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