use the table of annual expenses to calculate the category expense contribution for utilities.\npayroll…

use the table of annual expenses to calculate the category expense contribution for utilities.\npayroll $393,110\nadvertising $8,252\nraw materials $224,250\nrent $41,345\ninsurance $8,010\nutilities $12,500\nservices $7,250\nround to the nearest whole percent.

use the table of annual expenses to calculate the category expense contribution for utilities.\npayroll $393,110\nadvertising $8,252\nraw materials $224,250\nrent $41,345\ninsurance $8,010\nutilities $12,500\nservices $7,250\nround to the nearest whole percent.

Answer

Explanation:

Step1: Calculate total expenses

$393110 + 8252+224250 + 41345+8010+12500+7250=704717$

Step2: Calculate utilities contribution percentage

$\frac{12500}{704717}\times100\approx1.77%$

Step3: Round to nearest whole percent

$2%$

Answer:

$2%$