Posted by Connie on Wednesday, November 16, 2011 at 4:15pm.
1.You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years.
a.What integer would represent your total budget?
b.You will use 25% of your budget to rent business space and pay for utilities. Write an algebraic expression that indicates how much money will be spent on business space and utilities. Do not solve.
c.How much money will rent and utilities cost? Explain how you arrived at this answer.
d.Imagine an investor has increased your budget by $22,250. The investor does not need to be repaid. Rather, he becomes part owner of your business. Will the investor contribute enough money to meet the cost of rent and utilities? Support your answer and write an equation or inequality that illustrates your answer.
e.This equation illustrates your remaining funds after paying for rent and utilities. How much money is left? Explain how you arrived at your answer.

Algerbra1  Lee, Wednesday, November 16, 2011 at 5:20pm
1.You have recently found a location for your bakery and have begun implementing the first phases of your business plan. Your budget consists of an $80,000 loan from your family and a $38,250 small business loan. These loans must be repaid in full within 10 years.
a.What integer would represent your total budget?
80,000+38,250=$118,250
b.You will use 25% of your budget to rent business space and pay for utilities. Write an algebraic expression that indicates how much money will be spent on business space and utilities. Do not solve.
S=118,250*.25
c.How much money will rent and utilities cost? Explain how you arrived at this answer.
$29,562.50 You can explain from last question
d.Imagine an investor has increased your budget by $22,250. The investor does not need to be repaid. Rather, he becomes part owner of your business. Will the investor contribute enough money to meet the cost of rent and utilities? Support your answer and write an equation or inequality that illustrates your answer.
22,250<29,562.50 so no
e.This equation illustrates your remaining funds after paying for rent and utilities. How much money is left? Explain how you arrived at your answer.
(118,250+22,250)29,562.50=Money left
Money left is $110,937.50
Answer This Question
Related Questions
 Algebra  You have recently found a location for your bakery and have begun ...
 Algebra 1A  1.You have recently found a location for your bakery and have ...
 Math problem  Please help, You have recently found a location for your bakery ...
 Math  Question 1: You have recently found a location for your bakery and have ...
 Math  You have recently found a location for your bakery & have begun ...
 Algebra 1A  I need help please. you have recently found a location for your ...
 Algebra Help  1. You have recently found a location for your bakery and have ...
 algebra  You have recently found a location for your bakery and have begun ...
 Math  Can someone help me with this You have recently found a location for your...
 math  Having a problem with part of my question... 1. You have recently found a...
More Related Questions