jose borrowed $33900 from the bank to start a small business. he rented a shop for $2500/month. purchased…

jose borrowed $33900 from the bank to start a small business. he rented a shop for $2500/month. purchased machinery, materials, and other items to start up the business for $5300, and leased a work truck for $396.09/month with a $2000 down - payment. how much of the bank loan is left for jose to pay the 4 employees he needs for his business after his initial costs and the first month of bills? round to the nearest cent.
Answer
Explanation:
Step1: Calculate total initial - costs
First, find the total of all initial expenses. The rent for the shop is a fixed - cost. The cost of machinery, materials, etc. and the lease of the work truck are also part of the initial setup. The cost of machinery, materials, etc. is a monthly cost, but we consider it for the first - month situation. The total initial costs $C_{total}$ are the sum of the down - payment for the truck lease ($2000$), the monthly cost of machinery, materials, etc. ($2500$), the monthly lease cost of the work truck ($396.09$), and the rent for the shop. The total initial costs $C_{total}=2000 + 2500+396.09$ (assuming rent is included in other items or not given separately).
Step2: Calculate total first - month bills
The first - month bills also include the salary for 4 employees. Let's assume no other hidden costs for simplicity. The salary for 4 employees is not given in the problem description, but we assume it's part of the monthly expenses. Let's first calculate the amount left from the loan for paying bills after initial costs. The loan amount is $L = 33900$. The amount spent on initial costs (excluding employee salaries) is $2000 + 2500+396.09=4896.09$. The amount left for paying bills and employee salaries is $A = 33900-4896.09 = 29003.91$.
Step3: Calculate remaining amount for bills
We still need to consider other monthly expenses like employee salaries. But since the employee salary amount is not given, we assume no other major monthly expenses for now. The amount left for paying bills after initial costs and first - month bills (assuming no employee salaries for simplicity) is $29003.91$.
Answer:
$29003.91$