a business calculus problem?
An enterepreneur is starting a business and he has gotten investors together(one for $4000, one for $3000 and two for $5000). Initially, his costs are going to be rental($2000)advertising($1000) and employees($10,000). If he plans to run the store for two months on the rest of the money(investments minus costs), how many dollars a month dos he have to do that(not including any income that the store may make)? Answer in complete sentences
Comments
Total capital = 4000 + 3000 + 5000 + 5000 = 17000
Total initial expenses = 2000 + 1000 + 10000 = 13000
Remaining funds = 17000 - 13000 = 4000
He wants to run 2 months on 4000, so that gives him $2000 per month
Best of luck!