The Revenue of a Company Is Being Monitored Each Month

question 66

Essay

The revenue of a company is being monitored each month. The initial revenue is $1.3 million. The table illustrates the data gathered over a 6-month time period.

Using a graphing calculator, find an appropriate curve that models the revenue as a function of the number of months (round to the nearest thousandth).

---

Definitions:

Decrease Assets

Decrease in assets refers to a reduction in the economic resources controlled by a company, which can result from expenses, asset disposals, or liabilities being paid off.

Accounting Equation

The foundational equation in accounting, represented as Assets = Liabilities + Owner's Equity, illustrating a company's financial position.

Liabilities

Financial obligations or debts a company owes, which are expected to be paid in the future.

Increase Assets

The act of adding value to a company's assets through acquisitions, improvements, or successful business operations, leading to growth in the company's overall resources.