You can find the project's monthly budget after the initial purchase of equipment for $40,000 by dividing ($100,000 - $40,000) by 12, which gives $5,000.
A monthly budget is the allocated amount that can be spent for the month.
A monthly budget can be determined by dividing the total budget for the year by 12.
Total yearly budget = $100,000
Equipment purchase = $40,000
Reminder of the budget = $60,000 ($100,000 - $40,000)
Number of months in a year = 12
Monthly budget = $5,000 ($60,000/12)
Thus, you can find the project's monthly budget after the initial purchase of equipment for $40,000 by dividing ($100,000 - $40,000) by 12, which gives $5,000.
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