Question

How did Goldberg and Heath raise money to start the company?A store had indirect expenses for the month of $500 for advertising, $30 for security monitoring, and $75 for insurance. What would the direct expenses be for a day (when there are 30 days in the month?)

Answer 1

To calculate the store's daily direct expenses, sum up the total indirect expenses for the month ($500 for advertising, $30 for security monitoring, $75 for insurance to get $605) and divide by the number of days (30), which results in direct expenses of $20.17 per day.

Step-by-step explanation:

To address your question about store expenses, we'll calculate the direct expenses based on the provided indirect expenses for a day.

Step-by-Step Calculation:

1. First, tally the total indirect expenses for the month. The store has $500 for advertising, $30 for security monitoring, and $75 for insurance, which sums up to ($500 + $30 + $75) = $605.
2. Then, divide the monthly indirect expenses by 30 days to find the indirect expenses per day. So, $605 / 30 days = $20.17 per day.

The direct expenses for a day at the store are therefore $20.17.