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Sagot :
To find the percentage contribution of the insurance expense relative to the total annual expenses, follow these steps:
1. Calculate the total annual expenses: Add up all the individual expenses listed in the table.
[tex]\[ \text{Total Annual Expenses} = \$ 129,874 + \$ 6,761 + \$ 87,369 + \$ 21,222 + \$ 3,789 + \$ 4,230 + \$ 7,000 \][/tex]
Adding these together, we get:
[tex]\[ \$ 129,874 + \$ 6,761 + \$ 87,369 + \$ 21,222 + \$ 3,789 + \$ 4,230 + \$ 7,000 = \$ 260,245 \][/tex]
2. Determine the insurance expense as a percentage of the total annual expenses: Divide the insurance expense by the total annual expenses and multiply by 100 to convert it to a percentage.
[tex]\[ \text{Insurance Contribution} = \left( \frac{\$ 3,789}{\$ 260,245} \right) \times 100 \][/tex]
This computes to:
[tex]\[ \left( \frac{3,789}{260,245} \right) \times 100 \approx 1.4559357528482775\% \][/tex]
3. Round the percentage to the nearest whole number:
[tex]\[ 1.4559357528482775\% \approx 1\% \][/tex]
Therefore, the insurance expense contributes approximately 1% to the total annual expenses when rounded to the nearest whole percent.
1. Calculate the total annual expenses: Add up all the individual expenses listed in the table.
[tex]\[ \text{Total Annual Expenses} = \$ 129,874 + \$ 6,761 + \$ 87,369 + \$ 21,222 + \$ 3,789 + \$ 4,230 + \$ 7,000 \][/tex]
Adding these together, we get:
[tex]\[ \$ 129,874 + \$ 6,761 + \$ 87,369 + \$ 21,222 + \$ 3,789 + \$ 4,230 + \$ 7,000 = \$ 260,245 \][/tex]
2. Determine the insurance expense as a percentage of the total annual expenses: Divide the insurance expense by the total annual expenses and multiply by 100 to convert it to a percentage.
[tex]\[ \text{Insurance Contribution} = \left( \frac{\$ 3,789}{\$ 260,245} \right) \times 100 \][/tex]
This computes to:
[tex]\[ \left( \frac{3,789}{260,245} \right) \times 100 \approx 1.4559357528482775\% \][/tex]
3. Round the percentage to the nearest whole number:
[tex]\[ 1.4559357528482775\% \approx 1\% \][/tex]
Therefore, the insurance expense contributes approximately 1% to the total annual expenses when rounded to the nearest whole percent.
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