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 $129,874\nadvertising $6,761\nraw materials $87,369\nrent $21,222\ninsurance $3,789\nutilities $4,230\nservices $7,000\nround to the nearest whole percent.

use the table of annual expenses to calculate the category expense contribution for insurance.\npayroll $129,874\nadvertising $6,761\nraw materials $87,369\nrent $21,222\ninsurance $3,789\nutilities $4,230\nservices $7,000\nround to the nearest whole percent.

Answer

Explanation:

Step1: Calculate total expenses

$129874 + 6761+87369 + 21222+3789+4230+7000=260245$

Step2: Calculate insurance expense percentage

$\frac{3789}{260245}\times100\approx1.46$ Rounding to the nearest whole percent gives 1.

Answer:

1%