For the upcoming year, you have estimated that the total rev…
For the upcoming year, you have estimated that the total revenue will go up by 7% from $850,000 of total revenue last year. Your hotel owner has a firm belief that payroll expense should be no more than 30% of total sales. Since the payroll expense varies by sales, it is very likely to increase as well. Then calculate payroll expense that the owner is anticipating (Use a calculator provided on the screen. Show your work of calculations)
Read Details