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Real-Life Activities

Real-Life Math -- Solution

It’s year end at your dance studio and time to take a closer look at the finances:

Revenue:

Sales (lessons): $132,899

Sales (show tickets): $3,550

Total Revenue: $136,449

Expenses:

Instructor Salaries: $60,000

Advertisting: $3,000

Insurance: $10,000

Studio Rent: $24,000

Venue Rent: $750

Total Expenses: $97,750

136,449 - 97,750 = $38,699

It seems that you did make money this year, as your revenues are $38,699 higher than your expenses.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.