Question

the birch tree service company had a record year in 2019, reporting revenues of $700,000 and a profit of 23%. the ceo feels sure the company’s success will continue. she believes she can increase revenue 15% per year thereafter and maintain the same level of profits. if the ceo is right, what is the total value of all revenues generated during the years 2019–2025?

Answer 1

Revenue is the consideration received for the sale of goods and services

2019--------------------------------------------$700,000

2020--------------------------------------------$805,000(1.15*$700,000)

2021--------------------------------------------$925,750(1.15*$805,000)

2022--------------------------------------------$1,064,612.5(1.15*$925,750)

2023--------------------------------------------$1,224,304.38(1.15*$1,064,612.5)

2024--------------------------------------------$1,407,950.03(1.15*$1,224,304.38)

2025--------------------------------------------$1,619,142.54(1.15*$1,407,950.03)

Therefore, the total revenue generated from 2019-2025 is $7,746,759.45

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