Math Appendix C - Nancy Roberts itial Budget: 80,000 loan...

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nitial Budget: $80,000 loan from family $38,250 small business loan from bank All loans to be repaid in 10 years Nancy Roberts Axia College Material Appendix C 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. Application Practice Answer the following questions. Use Equation Editor when writing mathematical expressions or equations. First, save this file to your hard drive by selecting Save As from the File menu. Click the white space below each question to maintain proper formatting. 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? , + , = 80 000 38 250 x , = 118 250 x 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. ( , + , ) %= 80 000 38 250 25
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Math Appendix C - Nancy Roberts itial Budget: 80,000 loan...

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