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

the following table shows the expansion expenses of a business. calculate the product growth costs of expansion.\n\n| expansion expenses | product growth |\n|--|--|\n| focus groups | 50 people at $150/person |\n| inventory expenses | 30% on $200,000 value |\n| new equipment | $200,000 |\n| building growth | |\n| architect | $15,000 |\n| attorneys | $55,000 |\n| bankers | $110,000 |\n\nproduct growth costs = $?

the following table shows the expansion expenses of a business. calculate the product growth costs of expansion.\n\n| expansion expenses | product growth |\n|--|--|\n| focus groups | 50 people at $150/person |\n| inventory expenses | 30% on $200,000 value |\n| new equipment | $200,000 |\n| building growth | |\n| architect | $15,000 |\n| attorneys | $55,000 |\n| bankers | $110,000 |\n\nproduct growth costs = $?

Answer

Explanation:

Step1: Calculate focus - group cost

$50\times150 = 7500$

Step2: Calculate inventory expenses

$0.3\times200000=60000$

Step3: Add product - growth related costs

$7500 + 60000+200000=267500$

Answer:

$267500$