a venue manager has a target labor cost of 20% of revenue. he expects revenue to be $725,000. what is his…
a venue manager has a target labor cost of 20% of revenue. he expects revenue to be $725,000. what is his target for labor? $145,000 $275,000 $600,000 $725,000
Answer
Answer:
A. $145,000
Explanation:
Step1: Convert percentage to decimal
$20%=0.2$
Step2: Calculate target labor cost
$0.2\times725000 = 145000$