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

use the table of annual expenses to calculate the category expense contribution for insurance. payroll $403,120 advertising $8,532 raw materials $214,570 rent $51,440 insurance $8,111 utilities $12,804 services $6,880 round to the nearest whole percent.

use the table of annual expenses to calculate the category expense contribution for insurance. payroll $403,120 advertising $8,532 raw materials $214,570 rent $51,440 insurance $8,111 utilities $12,804 services $6,880 round to the nearest whole percent.

Answer

Explanation:

Step1: Calculate total expenses

$403120 + 8532+214570 + 51440+8111+12804+6880=705457$

Step2: Calculate insurance expense contribution

$\frac{8111}{705457}\times100\approx1.15%$

Step3: Round to nearest whole percent

Rounding $1.15%$ to the nearest whole percent gives $1%$

Answer:

$1%$