Question 316774: 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.
$38,250 + $80,000+ $22,250-0.25($80,000 + $38,250) =
Answer by Theo(13342)   (Show Source):
You can put this solution on YOUR website! Your original budget is 80,000 + 38,250 = 118,250
The cost for business space and utilities is equal to 25% of this.
This makes it equal to 118250 * .25 = 29,562.5
An investor provides you with an additional $22,250.
This will not cover all your costs for business space and utilities, because it is less than the amount you will owe for them.
Your additional investment is equal to 22,250.
The cost for business space and utilities is equal to 29,562.5
Additional Money from Investor minus expense for business and utilities is equal to:
22,250 - 29,562.5 which is equal to -7,312.5
The additional investment is 7,312.5 short of being able to pay for all the business space and utilities cost.
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