Business Is Popping!, Lesson Plans - The Mailbox - Free Printable

Let's solve the problem step by step based on the image you described. The worksheet is titled "Business Is Popping!" and involves a popcorn business with various costs listed.

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Step 1: Understand the Costs

Here are the costs listed:

- Popcorn machine: $800
- Popcorn buckets: $50
- Popcorn bags: $25 per month
- Sale signs: $10
- Popcorn: $50
- Popcorn: $75 per month (duplicate? Possibly meant to be "popcorn kernels"? Let’s assume this is additional popcorn cost, so total popcorn = $50 + $75 = $125)
- Aprons: $60
- Worker’s salary: $1 per week
- Food service hats: $18
- Money box: $12

We’ll go through each question carefully.

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Question 1:

> Ms. Corn has $1,000 to start a popcorn business. Does she have enough money to cover the start-up costs?

Start-up costs are one-time costs needed to begin the business.

Let’s identify start-up costs (not recurring monthly costs):

- Popcorn machine: $800 ✔ (one-time)
- Popcorn buckets: $50 ✔
- Sale signs: $10 ✔
- Popcorn (initial): $50 ✔ (assuming this is initial supply)
- Aprons: $60 ✔
- Food service hats: $18 ✔
- Money box: $12 ✔

Note:
- Popcorn bags: $25 per month → not start-up, it's a recurring cost
- Popcorn: $75 per month → recurring
- Worker’s salary: $1 per week → recurring

So, start-up costs =
$800 (machine) + $50 (buckets) + $10 (signs) + $50 (popcorn) + $60 (aprons) + $18 (hats) + $12 (money box)
= $1,000

✔ So, Ms. Corn has exactly $1,000, which covers the start-up costs.

Answer: Yes, she has enough money.

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Question 2:

> Six students work at the popcorn stand. How much will it cost to pay them for four weeks?

Worker’s salary: $1 per week per worker
6 workers × $1/week × 4 weeks = $24

Answer: $24

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Question 3:

> How much money is needed to run the business for one month (assuming four weeks)?

This includes monthly recurring costs:

- Popcorn bags: $25/month
- Popcorn (kernels): $75/month
- Worker salaries: $1/week × 6 workers × 4 weeks = $24
- Other items like aprons, hats, etc., are one-time (already covered in start-up)

So, monthly operating costs:
- Popcorn bags: $25
- Popcorn: $75
- Worker salaries: $24
Total = $25 + $75 + $24 = $124

Answer: $124

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Question 4:

> What term is used to describe the answer to question 3?

The answer to question 3 is the cost to run the business each month — this is called the operating cost or cost to run the business.

But looking at the diagram, there’s a label:
> “cost: the money needed to run a business”

So, the correct term is cost.

Alternatively, operating cost or running cost.

But since the diagram says "cost", we'll use that.

Answer: Cost

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Question 5:

> During one month, Ms. Corn made $200. After she paid her costs, how much of a profit did she make?

She made $200 in revenue.
From Q3, her monthly costs = $124

Profit = Revenue – Costs
= $200 – $124 = $76

Answer: $76

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✔ Final Answers:

1. Yes, she has enough money ($1,000 covers $1,000 start-up costs).
2. $24 to pay six students for four weeks.
3. $124 needed to run the business for one month.
4. The term is cost.
5. She made a profit of $76.

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📌 Bonus: Diagram Instructions

You were told to:
- Circle each item that is a start-up cost.
- Underline each item that is a cost to run the business.

So in the list:
- Circle (start-up):
- Popcorn machine
- Popcorn buckets
- Sale signs
- Popcorn (first one, $50)
- Aprons
- Food service hats
- Money box

- Underline (cost to run the business):
- Popcorn bags ($25/month)
- Popcorn ($75/month)
- Worker’s salary ($1/week)

(Note: "Popcorn" appears twice — likely one is initial, one is monthly.)

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Let me know if you'd like a printable version or help filling out the worksheet!