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Appendix C - StudentName_CaseySonksen Instructions I have...

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MAT116 – Appendix C  Week 2 Assignment Student Name :    __Casey Sonksen_________ Instructions : I have prepared this document to assist you in completing your Week 2, Appendix C assignment. The information below in blue is the words that are in the Appendix C assignment. Information in purple is my tips designed to assist you. Please make sure you label your answers and highlight your final answer. This assignment is due in your individual forum on Sunday night of Week 2. When you post your assignment in the Individual Forum for grading, put the following in the subject line of your post: FOR GRADING: Week 2 Appendix C Project Please rename this Word document as follows; assuming your name was Steve Jones: JonesS-Wk2-AppC.doc (using your last name and first initial of course!) Problem Number Your Solution Points Earned Starting a Business Starting your own business can be exciting and daunting at the same time. Businesses use math when managing finances, determining production levels, designing products and packaging, and monitoring labor. A bakery 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 bakery owners. Initial Budget: $80,000 loan from family $38,250 small business loan from bank All loans to be repaid in 10 years 1a 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. What integer would represent your total budget? Tips: Find the definition of an integer then find the total budget. Your Solution - Show your Work Below: Worth 1 Point 80,000 +38,250
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118,250 Total budget is $118,250 1(b) Twenty-five percent of your budget will be used 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. Tips: All you have to do is write the algebraic expression. What math problem would you use to solve this question? Remember it is asking for an expression.
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