4. William’s next project is the kitchen. To keep their kitchen remodel within budget, William and his wife decided to track the kitchen remodeling expenses. They have set aside money to start the project and recorded all transactions on a spreadsheet.

Question

4.	William’s next project is the kitchen. To keep their kitchen remodel within budget, William and his wife decided to track the kitchen remodeling expenses. They have set aside money to start the project and recorded all transactions on a spreadsheet.

blackops2_143 · Answer

Kitchen Projects	Action	Balance
	Put aside $5000.00 for kitchen project	$5000.00
Flooring	Paid $3879.45	
Refrigerator	Paid $788.87 	
Island stools	Paid for 4 chairs at $35.98 each	
Paint	Paid $284.07	
Stove	Paid $580.00	
	Deposited additional $2000.00 in account	
Granite counter	Paid $2541.75 for  with installation

	Deposited ???	–$525.06

blackops2_143 · Answer

(a)	Calculate the new balance for each line on the spreadsheet.
(b)	Without the installation, the granite cost $2398.75. How much is the granite per square foot? Show your work.
(c)	The installation of the granite took the contractor 4 h. What is the contractor’s rate per hour for the installation? Show your work.

blackops2_143 · Answer

(d)	William sees that his wife made a deposit after the granite counter was purchased, which resulted in the balance’s being -$525.06. She forgot to record the amount and does not remember how much she deposited. How much did William’s wife deposit? Show your work.