I am resubmitting this in hopes that someone may point me in the right direction......

When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5,000. Refer to the table below and answer the questions that follow. Round your answers to the nearest tenth of a percent.
Category Cost Percentage
Labor $1,835 ?
Materials ? 18%
Rent/utilities ? 25%
Miscellaneous $1,015 ?
Total $5,000 100%
What percentage of the total monthly budget is spent on labor? 36.7%

What percentage of the total monthly budget is spent on miscellaneous items? 20.3%

How much do materials cost monthly? $900.00

How much do rent and utilities cost monthly? $1,250.00

Category Cost Percentage

Labor $1,835
Materials 18%
Rent/utilities 25%
Miscellaneous $1,015
Total $5,000 100%

What percentage of the total monthly budget is spent on labor? 36.7%

What percentage of the total monthly budget is spent on miscellaneous items? 20.3%

How much do materials cost monthly? $900.00

How much do rent and utilities cost monthly? $1,250.00

category cost percentage

labor $1835 ?
materials ? 18%
rent/util. ? 25%
misc 1015 ?
Total $5,000 100%
What percentage of the total monthly budget is spent on labor? 36.7%
What percentage of the total monthly budget is spent on miscellaneous items? 20.3%
How much do materials cost monthly? $900.00
How much do rent and utilities cost monthly? $1,250.00

It looks perfect:)

Did you have another question?

How did you get the %?

To determine the percentage of the total monthly budget spent on labor, we need to divide the cost of labor by the total budget and multiply by 100.

Cost of labor = $1,835
Total budget = $5,000

Percentage spent on labor = (Cost of labor / Total budget) * 100
Percentage spent on labor = ($1,835 / $5,000) * 100
Percentage spent on labor = 36.7%

So, the percentage of the total monthly budget spent on labor is 36.7%.

To determine the percentage of the total monthly budget spent on miscellaneous items, we need to subtract the costs of labor, materials, and rent/utilities from the total budget. Then, we can divide the cost of miscellaneous items by the remaining budget and multiply by 100.

Cost of miscellaneous items = $1,015

Remaining budget = Total budget - (Cost of labor + Cost of materials + Cost of rent/utilities)
Remaining budget = $5,000 - ($1,835 + $900 + $1,250)
Remaining budget = $5,000 - $3,985
Remaining budget = $1,015

Percentage spent on miscellaneous items = (Cost of miscellaneous items / Remaining budget) * 100
Percentage spent on miscellaneous items = ($1,015 / $1,015) * 100
Percentage spent on miscellaneous items = 100%

So, the percentage of the total monthly budget spent on miscellaneous items is 100%.

To determine the cost of materials monthly, we can directly find the cost from the given information, which is 18% of the total budget.

Cost of materials = (Percentage spent on materials / 100) * Total budget
Cost of materials = (18 / 100) * $5,000
Cost of materials = 0.18 * $5,000
Cost of materials = $900.00

Therefore, the materials cost $900.00 monthly.

To determine the cost of rent and utilities monthly, we can directly find the cost from the given information, which is 25% of the total budget.

Cost of rent and utilities = (Percentage spent on rent/utilities / 100) * Total budget
Cost of rent and utilities = (25 / 100) * $5,000
Cost of rent and utilities = 0.25 * $5,000
Cost of rent and utilities = $1,250.00

Therefore, the rent and utilities cost $1,250.00 monthly.