Posted by Connie on Wednesday, November 16, 2011 at 4:22pm.
5. 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 and utilities 25%
Miscellaneous $1,015
Total $5,000 100%
a. What percentage of the total monthly budget is spent on labor?
b. What percentage of the total monthly budget is spent on miscellaneous items?
c. How much do materials cost monthly?
d. How much do rent and utilities cost monthly?

algerbra 1  Lee, Wednesday, November 16, 2011 at 4:51pm
a. What percentage of the total monthly budget is spent on labor?
1,835/5,000= 36.7%
b. What percentage of the total monthly budget is spent on miscellaneous items?
1,015/5,000=20.3%
c. How much do materials cost monthly?
5,000*.18= $900
d. How much do rent and utilities cost monthly?
5,000*.25= $1250
Answer This Question
Related Questions
 math  When managing a business, it is important to take inventory of where your...
 Math  Can someone help me with this I am very confused When managing a business...
 Algebra  Can someone look over this and advise me if these are wrong? When ...
 Algebra HELP  I am resubmitting this in hopes that someone may point me in the ...
 Math  I am having a hard time figuring this out. Can someone assist me in the ...
 math  1. You have recently found a location for your bakery and have begun ...
 MATH  Axia College Material Appendix C Starting a Business Starting your own ...
 MATH  JUST WOULD LIKE TO KNOW IF I DID THESE PROBLEMS RIGHT. THANKS IN ADVANCE ...
 algebra  You have recently found a location for your bakery and have begun ...
 algebra  1. You have recently found a location for your bakery and have begun ...
More Related Questions