Wk2+-+RW+Application+AA

Wk2+-+RW+Application+AA - Week 2 Real-World Application...

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Week 2 Real-World Application Practice Starting a Business PLEASE READ DIRECTIONS: First, save this file to your hard drive by selecting Save As from the File menu. To answer the questions, click the white space below each question to maintain proper formatting & change the font color. Equation Editor is recommended when typing answers, but not required. You should then SAVE your document and post in reply to your WEEK 2 thread in your IF as an attachment. Starting your own business can be exciting and daunting at the same time. Businesses use math when determining production levels, designing products and packaging, managing finances, and monitoring labor. A pet store can be a highly profitable and rewarding business. During this activity, you will apply the skills from Ch. 1 & 2 to navigate some of the issues facing store owners. 1. You have recently found a location for your a 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) Your total budget can be represented as what integer ? $80,000 + $38,250 = $118,250 b) Twenty-five percent of your budget will be used to rent space for your business and for the cost of utilities. Write an algebraic expression ( not equation!) that indicates how much money will be spent on both business space and utilities. Do
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This note was uploaded on 03/19/2010 for the course MAT/116 101 taught by Professor Sutherland during the Spring '10 term at University of Phoenix.

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Wk2+-+RW+Application+AA - Week 2 Real-World Application...

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