Betty is in the process of opening her own business – a coffee shop in downtown Fargo, North Dakota. With the Grand Opening a month away, she runs the numbers involved in her upfront expenses: $5,400 for local advertising, $2,700 for the security deposit and first month’s rent, $390 for a business license, and $17,200 for a down payment on equipment and furniture. As an incentive to create new businesses in its downtown area, the city of Fargo will waive half of the cost of Betty’s business license.

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Sorry I didn’t realize. This what I want to find out for Betty

How much money does Betty need to cover these upfront items?

To calculate Betty's upfront expenses for her coffee shop, we need to add up all the costs involved. Let's break it down:

1. Local Advertising: $5,400
2. Security Deposit and First Month's Rent: $2,700
3. Business License: $390
4. Down Payment on Equipment and Furniture: $17,200

To find the total before the waiver, we sum up the numbers:

Total Expenses = Local Advertising + Security Deposit and First Month's Rent + Business License + Down Payment on Equipment and Furniture

Total Expenses = $5,400 + $2,700 + $390 + $17,200

Total Expenses = $25,690

Now, let's calculate the amount that Fargo will waive for Betty's business license. The city is offering to waive half of the cost, which means:

Waived Amount = 50% of Business License cost

Waived Amount = 50% * $390

Waived Amount = $195

Finally, to get the total upfront expenses after the waiver, we subtract the waived amount from the total expenses:

Total Expenses after Waiver = Total Expenses - Waived Amount

Total Expenses after Waiver = $25,690 - $195

Total Expenses after Waiver = $25,495

Therefore, Betty's upfront expenses for her coffee shop, after the waiver from the city of Fargo, amount to $25,495.