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4 June, 16:44

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

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  1. 4 June, 17:48
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    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
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