Asked by Connie

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?



Answered by Lee
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
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