Ray is planning to open a video game store. He has developed the following expense breakdown for set-up and operation for the first year. Ray has $8,000 in savings and $35,000 in inheritance money to use to open his store. Will Ray have enough to run his business for a full year?
Expense
Amount
Rent
$12,000
Insurance
$4,000
Store Fixtures
$3,000
Computer and Cash Register
$2,400
Inventory
$20,000
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