Question
The following table specifies the expansion expenses for a \[ \begin{array}{l}\text { business: } \\ \text { Expansion Expenses } \\ \text { Product Growth: } \\ \text { Focus Groups: } 50 \text { people @ } \$ 200 \text { per person } \\ \text { Inventory Expenses: } 30 \% \text { on } \$ 300,000 \text { value } \\ \text { New Equipment: } \$ 240,000 \\ \text { Building Growth: } \\ \text { Architect cost: } \$ 17,500 \\ \text { Attorneys: } \$ 65,000 \\ \text { Bankers: } \$ 125,000\end{array} \] Calculate the building growth costs of expansion. Costs \( =\$[?] \)
Ask by Pierce Norton. in the United States
Feb 03,2025
Real Tutor Solution
Tutor-Verified Answer
Answer
Building Growth Costs = \$207,500
Solution
To calculate the **Building Growth** costs of expansion, we'll sum up all the expenses listed under that category:
1. **Architect Cost:** \$17,500
2. **Attorneys:** \$65,000
3. **Bankers:** \$125,000
**Total Building Growth Costs:**
\[
\$17,500 + \$65,000 + \$125,000 = \$207,500
\]
**Costs = \$207,500**
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Simplify this solution The Deep Dive
To calculate the building growth costs of expansion, we need to add up all the expenses related to building growth listed in the table. 1. Architect cost: \$17,500 2. Attorneys: \$65,000 3. Bankers: \$125,000 Now, summing these amounts: \[ \text{Total Building Growth Costs} = 17,500 + 65,000 + 125,000 \] Calculating the total: \[ \text{Total Building Growth Costs} = 207,500 \] Thus, the building growth costs of expansion are \$207,500.
