4. use the pie - graph below to answer the following questions regarding a companys labor expenses. company…

4. use the pie - graph below to answer the following questions regarding a companys labor expenses. company expenses based on a $30,000,000 budget, how much money does the company spend on contractor expense? $75,000 $750,000 $7,500,000 $7,500

4. use the pie - graph below to answer the following questions regarding a companys labor expenses. company expenses based on a $30,000,000 budget, how much money does the company spend on contractor expense? $75,000 $750,000 $7,500,000 $7,500

Answer

Explanation:

Step1: Identify percentage for contractors

From the pie - chart, contractor expense is 25% of the total.

Step2: Calculate the amount

The total budget is $30,000,000. To find the amount spent on contractor expense, we use the formula: Amount = Percentage×Total budget. So, Amount = 0.25×30000000. $0.25\times30000000 = 7500000$

Answer:

$7,500,000$