Mat 116 Appendix G

APPENDIX G-STARTING A BUSINESS

DIRECTIONS: Answer the following questions. Use Equation Editor® to write any expressions or equations. (* means use Equation Editor.) Show work.

Scenario PROBLEM

Extra Space for Showing Work

(Use Equation Editor where Indicated by *)

Problems 1-3. You have recently found a location for your bakery and have started a business plan. Your budget consists of an $80,000 loan from family and a $38,250 small business loan. These loans must be repaid in full within 10 years.

Twenty-five percent (25%) of your budget will be used to rent business space and pay for utilities.

1. What integer would represent your total budget?

2. *Write an algebraic expression that indicates how much money will be spent on business space and utilities. Do not solve.

of

3. a. How much money will rent and utilities cost?

b. Explain how you arrived at this answer.

Problem 4. Suppose an investor has increased your budget by $22,500. An investor does not need to be repaid. He becomes part owner of your business. 4a. Will the investor contribute enough money to meet the costs of rent and utilities?

b. *Write an equation OR inequality that illustrates your answer.

NO. It will not meet the cost of rent and utilities as

Problem 5. This equation illustrates your remaining funds after paying for rent and utilities.

$38,250 + $80,000+ $22,500-0.25($80,000 + $38,250) 5 a. How much money is left?

b. Explain how you arrived at your answer.

Total budget less 25% cost of rent and utilities we get

APPENDIX G (CONTINUED)

DIRECTIONS: Answer the following questions. Use Equation Editor® to write any expressions or equations. (* means use Equation Editor.)

Scenario PROBLEM

Extra Space for Showing Work

Problems 6-7. You are trying to decide how to most efficiently use your oven. You do not want the oven running at high temperature when it is not baking, but you...