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Finances Accounting plays an important role in any business. Why do you think it is important for a business to keep track of its expenses?

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Presentation on theme: "Finances Accounting plays an important role in any business. Why do you think it is important for a business to keep track of its expenses?"— Presentation transcript:

1 Finances Accounting plays an important role in any business. Why do you think it is important for a business to keep track of its expenses?

2 Lesson Objective Calculate the percent that a particular business expense is of the total expenses.

3

4 Molded Plastic Products manufactures plastic buckets, containers, and other products. Records of Molded Plastics expenses for the first quarter of the year show the following: Example 1

5 What percent of total expenses did Molded Plastic spend on advertising during the quarter? Example 1 (cont.)

6 Step: Find the percent of the total. Particular Expense ÷ Total Expenses $8, ÷ $609, = or 1.40% Example 1 Answer

7 Particular expenses: Electricity $190 Water $ 34 Natural gas $245 Telephone $218 Telephone is what percentage of the total expenses? Practice 1

8 31.7 percent Practice 1 Answer

9 Particular expenses: Electricity$150 Water$ 80 Natural gas$208 Telephone$212 Water is what percentage of the total expenses? Practice 2

10 12.3 percent Practice 2 Answer


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