Wednesday, April 27, 2016

Finances

In this section of the simulation I learned about getting money for the beginning of a business. This ended up being a lot of math and involved getting the best lone. I had to calculate how much money I would lose before I would start making a profit and I could not go over or else the interest would be too much to pay for. This led me to add cost of inventory and rent as the main costs with others such as paying employees and got a little less the $50,000. So I got a $50,000 lone and that lasted long enough for me to start gaining a profit.

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