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

use the table of annual expenses to calculate the category expense contribution for insurance.\npayroll $282,564\nadvertising $6,498\nraw materials $174,623\nrent $47,968\ninsurance $5,137\nutilities $11,690\nservices $7,600\nround to the nearest whole percent.

use the table of annual expenses to calculate the category expense contribution for insurance.\npayroll $282,564\nadvertising $6,498\nraw materials $174,623\nrent $47,968\ninsurance $5,137\nutilities $11,690\nservices $7,600\nround to the nearest whole percent.

Answer

Explanation:

Step1: Calculate total expenses

$282564 + 6498+174623 + 47968+5137+11690+7600=535070$

Step2: Calculate insurance expense percentage

$\frac{5137}{535070}\times100\approx 1%$

Answer:

$1%$