Question
Korey is planning to open a comic book store. He has developed the following expense breakdown for set-up and operation for the first year. Korey has $8,500 in savings and $25,000 in inheritance money to use to open his store. Will Korey have enough to run his business for a full year?
Expense
Amount
Rent
$10,800
Insurance
$3,000
Store Fixtures
$2,700
Computer and Cash Register
$1,200
Inventory
$17,400
a.
Yes, Korey will have $1,600 to spare.
b.
No, Korey will be short $1,600.
c.
Yes, Korey will have $15,800 to spare.
d.
No, Korey will be short $15,800.
Please select the best answer from the choices provided
A
B
C
D
Expense
Amount
Rent
$10,800
Insurance
$3,000
Store Fixtures
$2,700
Computer and Cash Register
$1,200
Inventory
$17,400
a.
Yes, Korey will have $1,600 to spare.
b.
No, Korey will be short $1,600.
c.
Yes, Korey will have $15,800 to spare.
d.
No, Korey will be short $15,800.
Please select the best answer from the choices provided
A
B
C
D
Answers
Answered by
GPT-5 mini
B
Total expenses = 10,800 + 3,000 + 2,700 + 1,200 + 17,400 = $35,100.
Funds available = 8,500 + 25,000 = $33,500.
Short by $35,100 − $33,500 = $1,600.
Total expenses = 10,800 + 3,000 + 2,700 + 1,200 + 17,400 = $35,100.
Funds available = 8,500 + 25,000 = $33,500.
Short by $35,100 − $33,500 = $1,600.
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