1. Marie lives in Red Deer, which has a population of about 100 000. She notices that everyone she knows owns a calendar. She is contemplating opening a store that sells all types of calendars. Marie knows that almost everyone visits the mall occasionally, so she hopes to rent store space there. She quickly calculates that if she is able to sell a calendar to a quarter of the population at a profit of $3.00 per calendar, she will make $315 000 in one year. Describe how feasible you feel Marie's plan is. Answer: [M] 2. Galit is planning on opening a painting company. He anticipates the following expenses for his rst month. Wages $13 500 Paint spraying equipment $5400 Used van $12 000 Mural for the side of the van $4500 Brushes, rollers. respirators. and other equipment $1300 Paint, tape, and other supplies $4300 Insurance $220 a. Determine which expenses are operating expenses and which expenses are start- up costs. Answer: ( :2} b. Determine what percentage of the monthly costs are start~up costs. Answer: ( r2] c. Suppose |Galit has paid for his start-up costs, and his operating expenses r-ain the same as those listed hefore part a. How much revenue would the company need to earn each month to