question 4 (1 point) listen jose borrowed $41800 from the bank to start a small business. he rented a shop…

question 4 (1 point) listen jose borrowed $41800 from the bank to start a small business. he rented a shop for $2300/month, purchased machinery, materials, and other items to start up the business for $4400, and leased a work truck for $371.43/month with a $1000 down - payment. jose also needs to hire 5 employees for his business. if he pays them $19.59/hr. how much money will be left after his initial costs, labor, and the first month of bills? note: assume each employee works a normal 40 hour per week schedule and that a month is 4 weeks. round to the nearest cent. your answer: answer units

question 4 (1 point) listen jose borrowed $41800 from the bank to start a small business. he rented a shop for $2300/month, purchased machinery, materials, and other items to start up the business for $4400, and leased a work truck for $371.43/month with a $1000 down - payment. jose also needs to hire 5 employees for his business. if he pays them $19.59/hr. how much money will be left after his initial costs, labor, and the first month of bills? note: assume each employee works a normal 40 hour per week schedule and that a month is 4 weeks. round to the nearest cent. your answer: answer units

Answer

Explanation:

Step1: Calculate total labor - cost

Each employee works 40 hours per week and there are 4 weeks in a month. So each employee works $40\times4 = 160$ hours per month. He hires 5 employees, and the hourly - rate is $19.59$. The total labor - cost is $19.59\times160\times5=19.59\times800 = 15672$ dollars.

Step2: Calculate total initial costs

The down - payment is $1000$, the business payment is $4400$, the truck lease is $371.43$ per month, the monthly rent is $2300$. The total initial costs are $1000 + 4400+371.43 + 2300=8071.43$ dollars.

Step3: Calculate the remaining money

He borrowed $41800$. The sum of labor and initial costs is $15672 + 8071.43=23743.43$ dollars. The remaining money is $41800−23743.43 = 18056.57$ dollars.

Answer:

$18056.57$