writing an expenses equation\nimagine you own a small catering company. your monthly expenses include the…

writing an expenses equation\nimagine you own a small catering company. your monthly expenses include the following:\nfixed expenses\n - kitchen rent $2,000\n - insurance $400\n - equipment lease $600\nvariable expenses\n - food cost per event $150\n - maintenance per event $20\n - staff wages per event $300\ndetermine which statements are true regarding the expenses equation for your catering company. select three correct answers\nthe equation for the expenses is e = 3,000q+470\nthe fixed expenses total is $3,000.\nthe fixed expenses total is $470\nthe equation for the expenses is e = 470q + 3,000.\nthe slope for the equation is 470.

writing an expenses equation\nimagine you own a small catering company. your monthly expenses include the following:\nfixed expenses\n - kitchen rent $2,000\n - insurance $400\n - equipment lease $600\nvariable expenses\n - food cost per event $150\n - maintenance per event $20\n - staff wages per event $300\ndetermine which statements are true regarding the expenses equation for your catering company. select three correct answers\nthe equation for the expenses is e = 3,000q+470\nthe fixed expenses total is $3,000.\nthe fixed expenses total is $470\nthe equation for the expenses is e = 470q + 3,000.\nthe slope for the equation is 470.

Answer

Explanation:

Step1: Calculate total fixed - expenses

$2000 + 400+800=3000$

Step2: Calculate total variable - expenses per event

$150 + 20+300 = 470$

Step3: Form the expenses equation

Let $q$ be the number of events. The total expenses $E$ is the sum of fixed expenses and variable expenses. So $E = 470q+3000$. In the equation $y = mx + b$ (where $E$ is $y$ and $q$ is $x$), the slope $m$ is the variable - cost per event, which is 470.

Answer:

  1. The fixed expenses total is $3,000.
  2. The equation for the expenses is $E = 470q+3000$.
  3. The slope for the equation is 470.