Korey is planning to open a comic book store. He has developed the following expense breakdown for set-up and operation for the first year. Korey has $8,500 in savings and $25,000 in inheritance money to use to open his store. Will Korey have enough to run his business for a full year? ExpenseAmountRent$10,800Insurance$3,000Store Fixtures$2,700Computer and Cash Register$1,200Inventory$17,400
Answer
A
Yes, Korey will have $1,600 to spare.
B
No, Korey will be short $1,600.
C
Yes, Korey will have $15,800 to spare.
D
No, Korey will be short $15,800.
Explanation
Add the expenses: $10,800 + $3,000 + $2,700 + $1,200 + $17,400 = $35,100. Korey has $8,500 + $25,000 = $33,500 available. Since expenses exceed his available money by $1,600, the correct choice is “No, Korey will be short $1,600.”
AI-written and checked against the verified answer.