sam is planning to start a pool cleaning business from his home. he has developed the following cost…

sam is planning to start a pool cleaning business from his home. he has developed the following cost analysis for the set - up and operation for the first year of his business. he has $9,000 in savings and $23,000 in credit that he can use for the business. will sam be able to afford the operational costs of the first year of business on his own?\n|item|cost|\n|----|----|\n|truck|$9,000|\n|pool cleaning supplies|$6,000|\n|payroll|$23,000|\n|advertising|$1,500|\n a. no, sam will be short $7,500.\n b. no, sam will be short $15,500.\n c. yes, sam will have $7,500 to spare.\n d. yes, sam will have $15,500 to spare.
Answer
Explanation:
Step1: Calculate total operational costs
$9000 + 6000+23000 + 1500=39500$
Step2: Calculate total available funds
$9000+23000 = 32000$
Step3: Calculate the difference
$39500 - 32000=7500$
Answer:
a. No, Sam will be short $7,500.