Question

YOU JUST OPEN YOUR FIRST BUSINESS YOU HAVE RENT $1,000 YOUR FIRST ORDER OF PRODUCT WAS $10,000 YOU PHONE BILL IS $120 FOR 4 LINES, ELECTIRC BILL FOR THE FIRST MONTH IS $150, AND YOUR HEAT BILL IS $200 HOWEVER, SPRING IS NEAR SO YOU CAN CUT YOUR HEAT OFF. NOW ITS TIME TO PAY YOUR SELF AND EMPLOYEES. YOUR SALARY IS $5,000 EVERY OTHER WEEK AND YOU HAVE WAGES OF $20,000. .HOW MUCH IS YOUR TOTAL COST? *

Answer 1

Answer: $26,470

Explanation:

Total costs are all the expenses that have to be paid by your business to keep it producing.

In this case that figure is:

Total cost = Rent + Phone bill + Electric bill + Heat bill + own salary + Wages

= 1,000 + 120 + 150 + 200 + 5,000 + 20,000

= $26,470