Question

The Johnson Manufacturing Co. has an annual operating budget of $750,000. Each year it budgets for the following expenses: pollution control equipment, $37,000; contributions to community projects, $22,500; employee fitness/sports programs, $7,500.

What percentage of the annual budget if allocated to each socially responsible action (pollution control, community projects, fitness/sports)? What is the total spent?

Answer 1

Answer:

See below

Explanation:

The percentage allocated to each socially responsible action

1. pollution control

The amount allocated is $37,000

The total budget is $750,00

The percentage = $37,000/$750,000 x 100

=0.0493333 x 100

=4.933%

2. community project

Amount allocated=22,500

As a percentage = 22,500/750,000 x 100

=0.03 x 100

=3%

3. Employee fitness

Amount allocated= $7500

As a percentage

=$7500/$750,000 x 100

=0/01 x 100

=1%

The total amount spent

=, $37,000 +$22,500 +$7,500.

=$67,000