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Round Percents to the Nearest Hundredth

question 30

Short Answer

Round percents to the nearest hundredth. Given the total sales = $356,556 If the cost of produce = $30,965.82 Find the food cost percent for produce. _______________%

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Definitions:

Selling

The process of promoting and transferring ownership of goods or services to customers.

Administrative Expenses

Costs related to the general administration of a business, such as salaries of executive officers, legal and office supplies.

Budgeted Sales

The projected amount of sales, in units or dollars, a company expects to achieve in a specific period.

Beyond Budgeting

A management approach arguing that traditional budgeting processes are often inflexible and can hinder innovation, advocating for more adaptive and decentralized frameworks.

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