PROBLEM OF THE WEEK Someone is opening their own funeral home business. They know that money will be tight, but they want to try to earn and income of $40,000 a year (for themselves) for the first year. The business owner takes out a loan to buy a building and equipment. The loan is expected to cost $900 a month The payments on a used hearse are estimated to be $200 per month. The lead car is estimated to be $150 per month. After some research, the insurance for the business is estimated to cost $1,500 per year Licensing/certification cost for the year: $250 Total estimated income from funerals: $110,000 The business owner will have three employees. They estimate that each employee will work 20 hours a week for each week of the year Income - expenses - 40,000 = x*employee hours
PROBLEM OF THE WEEK Someone is opening their own funeral home business. They know that money will be tight, but they want to try to earn and income of $40,000 a year (for themselves) for the first year. The business owner takes out a loan to buy a building and equipment. The loan is expected to cost $900 a month The payments on a used hearse are estimated to be $200 per month. The lead car is estimated to be $150 per month. After some research, the insurance for the business is estimated to cost $1,500 per year Licensing/certification cost for the year: $250 Total estimated income from funerals: $110,000 The business owner will have three employees. They estimate that each employee will work 20 hours a week for each week of the year Income - expenses - 40,000 = x*employee hours
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:PROBLEM OF THE WEEK
Someone is opening their own funeral home business. They know that money will be
tight, but they want to try to earn and income of $40,000 a year (for themselves) for the
first year.
The business owner takes out a loan to buy a building and equipment. The loan is
expected to cost $900 a month
The payments on a used hearse are estimated to be $200 per month. The lead car is
estimated to be $150 per month.
After some research, the insurance for the business is estimated to cost $1,500 per year
Licensing/certification cost for the year: $250
Total estimated income from funerals: $110,000
The business owner will have three employees. They estimate that each employee will
work 20 hours a week for each week of the year
Income - expenses - 40,000 = x*employee hours
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