Question

Fancy Nails cost formula for electricity is $40 per operating day plus $0.15 per client served. Calculate Fancy Nails' electricity budget in a month when the business is going to be open for 24 days and they expect to serve a total of 2,100 clients.

Answer 1

$1275

Step-by-step explanation:

A budget is a financial plan which estimates revenue and expenses for a period of time. This is usually money to be allocated for a particular purpose with the summary of all expenses to be incurred and how this expenses are going to be met.

Given that:

Fancy Nails cost formula for electricity = $40 per operating day plus $0.15 per client served.

Therefore, if the business is going to be open for 24 days and they expect to serve a total of 2,100 clients, the electricity budget is given as:

Electricity budget = ($40 × number of days to be open) + ($0.15 × number of clients) = ($40 × 24) + ($0.15 × 2100) = $960 + $315 = $1275