SOLUTION: When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5000. Refer to the table below and answer the questions that
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Question 133363: When managing a business, it is important to take inventory of where your money is spent. You have a monthly budget of $5000. Refer to the table below and answer the questions that follow. Round your answers to the nearest tenth of a percent.
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?
b
How much do materials cost monthly?
How much do rent and utilities cost monthly? Answer by vleith(2983) (Show Source):
You can put this solution on YOUR website! What percentage of the total monthly budget is spent on labor? = 36.7%
What percentage of the total monthly budget is spent on Misc. items? = 20.3%
How much do materials cost monthly? = $900
How much do rent and utilities cost monthly? = $1250
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