Each day, a local dog shelter spends an average of $2.40 on food per dog. The manager estimates the shelter's daily expenses, assuming there is at least one dog in the shelter, using the equation
E= 30 +2.40x. Which statements regarding the equation E are correct?
I. x represents the number of dogs at the shelter per day.
II. x represents the number of volunteers at the shelter per day.
III. 30 represents the shelter's total expenses per day.
IV. 30 represents the shelter's nonfood expenses per day.