Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the table in the text lists various general servic

The table in the text lists various general services expenses. The first line item in...

70.2K

Verified Solution

Question

Finance

The table in the text lists various general services expenses. The first line item in the table is for dietary expense, with amounts of $320,000 in year 1 and $405,000 in year 2. The dollar difference between the two is $85,000. To convert the difference to a percentage, the $85,000 difference is divided by year 1's $320,000, resulting in a percentage differential of 26.5% (rounded). On another line item of this table, housekeeping expense amounts were $120,000 in year 1 and $180,000 in year 2. The dollar difference between the two is $60,000. What is the housekeeping expense difference when converted to a percentage? A. 20% B. 33% C. 50% D. None of these is correct

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Stern Associates is considering a project that has the following cash flow data. What is the...

Finance
Q

Perform a test that shows the different applications of the central tendency and dispersion measures. Compare...

Statistics
Q

Van der Waals Gases Under what conditions of volume does a van der Waals gas behave like...

Chemistry
Q

What are the major elements of the collective bargaining process? Why has the process become so...

Operations Management
Q

What structure is labeled as 37 12 1 2 6 2 8 O Osteocyte in...

Biology
Q

How does the figure verify the triangle inequality theorem 4k 11 O by showing that...

Geometry
Q

A bank features a savings account that has an annual percentage rate of r quarterly....

Basic Math
Q

Y y h dy dx x y Y xsinx JT IT initial point for Euler...

Calculus
Q

6 Use Gauss seidel method up to three iterations to solve the system of linear...

Algebra
Q

Congress has enacted two special rules under MACRS, immediate expensing (179) and additional first year...

Accounting
Q

Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead...

Accounting
Q

An inventory taken the morning after a large theft discloses $60,000 of goods on hand...

Accounting