Mid$-$Chapter Revi$$w

Red Deer is halfway between Calgary and Edmonton.

About $92000$ people live in Red Deer.

The population has grown $16\%$ over the past $10$ yr $.$

a$)$ What small business might succeed in Red Deer? Why?

b$)$ What are two start$-$up expenses that the business you

named in Part a$)$ might pay?

c$)$ What are two fixed expenses that this business might pay?

d$)$ What are two variable expenses that this business might

pay?

Jacquie has a driveway$-$paving business in

Nipawin, Saskatchewan. The list at the right shows

some of the expenses for her business.

a$)$ Why is it important for Jacquie to keep the

receipts for her business expenses?

Equipment Expenses

truck

figping equipment

$$24500\mathrm{.}00$

salety vests

$$650\mathrm{.}00$

pylons

b$)$ Which of the following receipts should Jacquie keep in her

business expense file? Explain.