)) Stefan estimates the income and expenses for renting a phone accessory store in the mall. He enters the
amounts in the table shown. Should Stefan rent a
phone accessory store? Explain.
Estimated Income and Expenses
Type Amount Frequency
Sales
$950 Each week
Services
$2,875 Each month
Rent
-54,500 Each month
Travel
-$7.50 Each day
Merchandise -$1,650 Each month

Stefan should rent a phone accessory store

Step-by-step explanation:

The given information are;

The total of the estimated income and expenses are given as follows;

Sales

Type                      Amount                        Frequency

Sales                      $ 950                          Each week

Services                 $2,875                        Each month

Rent                       -$4,500                        Each month

Travel                     -$7.50                          Each day

Merchandise         -$1,650                         Each month

Therefore;

Total sale = 4×950 = $3,800

Total services = $2,875

Total income =  $3,800 + $2,875 = $6,675

Total expenses = $4,500 + $7.50×30 + $1,650 = $6,375

Total profit = Total income - Total expenses = $6,675 - $6,375 = $300

Therefore, the net profit = $300.

Therefore, given that Stefan is able to make a net profit from his investment, he should rent a phone accessory store.

step-by-step explanation:

part a. the differences are decreasing, so we know the sequence is not arithmetic. the ratios are constant (=3/4), so we know the sequence is geometric.

part b. from part a, we know the common ratio is 3/4, so each term is 3/4 of the one before. the initial term is the number of gallons at h=1.

g[h] = (3/4)·g[h-1]

g[1] = 384 . . . . initial value required for a recursive definition

part c. the general formula for a geometric sequence is

a[n] = a[1]·r^(n-1)

we have a[1] = 384, r = 3/4, and the term number given by h. the formula that follows is

g[h] = 384·(3/4)^(h-1)

part d. filling in the value and doing the arithmetic, we have

g[12] = 384·(3/4)^11 ≈ 384·0.042235136 ≈ 16.2183 . . gallons

part e. each gallon is 4 quarts, so

16.2183 gal × 4 qt/gal = 64.8732 qt