the following table shows the expansion expenses of a business. calculate the building growth costs of…

the following table shows the expansion expenses of a business. calculate the building growth costs of expansion.\nexpansion expenses\nproduct growth\nfocus groups 50 people at $150/person\ninventory expenses 30% on $200,000 value\nnew equipment $200,000\nbuilding growth\narchitect $15,000\nattorneys $55,000\nbankers $110,000\nbuilding growth costs = $?

the following table shows the expansion expenses of a business. calculate the building growth costs of expansion.\nexpansion expenses\nproduct growth\nfocus groups 50 people at $150/person\ninventory expenses 30% on $200,000 value\nnew equipment $200,000\nbuilding growth\narchitect $15,000\nattorneys $55,000\nbankers $110,000\nbuilding growth costs = $?

Answer

Explanation:

Step1: Calculate focus - groups cost

$50\times150 = 7500$

Step2: Calculate inventory expenses

$0.3\times200000=60000$

Step3: Sum up all related costs for building growth

$7500 + 60000+200000 + 15000+55000+110000$ $=(7500+60000)+200000+(15000 + 55000+110000)$ $=67500+200000 + 180000$ $=447500$

Answer:

$447500$