Alg A

Alg A

Written Assignment Week 2
Starting a Business
This week’s assignment applies skills from Chapters 1 & 2 to a real world example. Save the file to your hard drive using "Save as" in the following manner: "YourNamewk2wa". Assignments submitted without the proper filename will NOT be graded. Click the white space below each question to answer it.
Please be careful. There are distinct differences between algebraic expressions and algebraic equations. Your answers must include mathematical steps in some problems (solve) and written explanations and mathematical steps in others (solve and explain/describe). When in doubt it is best to include both so I know you understand how to answer the question.
I. I am opening a bakery (My sister actually opened a bakery last year in Georgia).
I have $29,000 in savings plus a small business loan of $97,000.

a) Write an algebraic expression (using the $) that shows the total of my start up capital. Then give the total amount of start up capital I have. (1 pt)
29000 + 97000: 126000

b) Write and solve an algebraic equation that shows how much of my budget will go toward rent and utilities if they are 30% of my start up capital (use E to represent rent and utilities). (2 pts)
0.30(29000 + 97000): 37800

c) My sister has decided to invest in my new business. She will contribute $31,000. Is this enough to cover my expenses? Explain why or why not. (2 pts)
no, 31000 < 37800
d) The following equation illustrates your remaining funds after paying for rent and utilities. How much money is left? Your answer should include both the math used to find the answer and a written explanation of how you arrived at your answer.   (3 pts) PEMDAS
$29,000 + $97,000 + $31,000 – 0.30($29,000 + $97,000) = $ left.
$29,000 + $97,000 + $31,000 – 0.30($29,000 + $97,000)
              29000 + 97000 + 31000 – 0.30(29000 + 97000): 119200

II. I am trying to decide how to most efficiently use my industrial oven. I do not want it to remain...