You have checked model income statements and estimate your payroll expense will be 36% of revenue. You expect sales to be $9,000 per week. What should you budget annually for payroll? a) $120,960

b) $149,987

c) $168,480

d) $172,012

Question

Mathematics

Dario Arellano

4 May, 06:37

You have checked model income statements and estimate your payroll expense will be 36% of revenue. You expect sales to be $9,000 per week. What should you budget annually for payroll? a) $120,960

b) $149,987

c) $168,480

d) $172,012

+3

Answers (1)

Know the Answer?

Max Huff · Answer 1

Budget annual payroll = $168,480

Step-by-step explanation:

Given:

Expect sales per week = $9,000

Revenue over sales = 36% = 0.36

Find:

Budget annual payroll = ?

Computation:

Assume number of week per year = 52

⇒ Budget annual payroll = Expect sales per week * Number of week per year * Revenue over sales

⇒ Budget annual payroll = $9,000 * 52 * 0.36

⇒ Budget annual payroll = $168,480

You have checked model income statements and estimate your payroll expense will be 36% of revenue. You expect sales to be $9,000 per week. What should you budget annually for payroll? a) $120,960b) $149,987c) $168,480d) $172,012

You have checked model income statements and estimate your payroll expense will be 36% of revenue. You expect sales to be $9,000 per week. What should you budget annually for payroll? a) $120,960

b) $149,987

c) $168,480

d) $172,012