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Calculate the percent change that the total of all categories is over budget.

Calculate the percent change that the total of all categories is over budget.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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**Projected and Actual Budget Analysis for Business XYZ** Business XYZ has provided the following projected budget and actual budget for a given month: | Category | Budget | Actual | |------------|---------|---------| | Payroll | $25,000 | $25,575 | | Inventory | $12,500 | $11,900 | | Rent | $7,500 | $7,600 | | Services | $5,000 | $5,200 | **Task: Calculate the Percent Change** Calculate the percent change that the total of all categories is over budget. The percent change should be presented as a percentage rounded to the nearest tenth. --- Please enter your answer in the provided input box.
Transcribed Image Text:**Projected and Actual Budget Analysis for Business XYZ** Business XYZ has provided the following projected budget and actual budget for a given month: | Category | Budget | Actual | |------------|---------|---------| | Payroll | $25,000 | $25,575 | | Inventory | $12,500 | $11,900 | | Rent | $7,500 | $7,600 | | Services | $5,000 | $5,200 | **Task: Calculate the Percent Change** Calculate the percent change that the total of all categories is over budget. The percent change should be presented as a percentage rounded to the nearest tenth. --- Please enter your answer in the provided input box.
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