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.

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 $8,557.65 ÷ $609,200.00 = 0.01404 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