Following Is a Pie Chart That Presents the Percentages Spent

question 16

Multiple Choice

Following is a pie chart that presents the percentages spent by a certain household on its five largest annual expenditures. What percentage of the money spent was spent on food, housing, and utilities?

• A)47%
• B)52.5%
• C)65.4%
• D)60.4%

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Definitions:

Inventory Balance

The total value of all the goods and materials held by a company as stock, intended for sale or production.

COGS Formulation

COGS formulation involves calculating the direct costs attributable to the production of the goods sold by a company, including materials and labor.

Cash Collections

The process of gathering and managing the cash payments received from customers or clients.

Sales Forecast

An estimate of the future sales of a product or service over a specific period, based on historical data, market analysis, and other factors.