Developing a involves defining what is distinctive about the nonprofit and what it does and why the nonprofit deserves consideration by the various audiences it seeks to influence

The correct option is b) $3,846.

Explanation:

Note: This question is not complete as the compounded rate is omitted. The complete question is therefore provided before answering the question as follows:

You estimate that your new business's revenue will grow at a compounded rate of 30% each month for the first 6 months. If your third month's revenue is estimated at $5,000, what is your second month's revenue? (Round to the nearest dollar.)

a) $2,945

b) $3,846

c) $4,012

d) $4,333

The explanation of the answer is now given as follows:

The second month's revenue can be calculated using the following formula:

a(1 + r) = b (1)

Where;

a = second month's revenue = ?

r = compounded growth rate = 30%, or 0.30

b = third month's revenue = $5,000

Substituting the values into equation (1) and solve for a, we have:

a(1 + 0.30) = $5,000

a = $5,000 / (1 + 0.30)

a = $5,000 / 1.30

a = $3,846.15384615385

Rounding to the nearest dollar, we have:

a = $3,846

Therefore, the correct option is b) $3,846.