It depends on the business that the company is in. Manufacturers and retailers will have higher percentages of revenue in Cost of Goods Sold while service industries will have a higher percentage in salaries and benefits. A hospital will normally see between 32% and 40% of net patient revenue going to salaries with another 18% to 25% to employee benefits.
A typical guideline is around 20-30% of revenue allocated to salaries for an administrative company. However, the actual percentage can vary depending on factors such as industry norms, company size, and profitability. It's important to strike a balance between fair compensation for employees and maintaining a healthy bottom line.
20%
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The percentage of revenue that a small business should spend on advertising changes depending on the circumstances. The basic needs of the business determine the percentage. If there is already a wide fan base, less advertising is needed.
At a well known corporation such as Mc Donald's the managers are instructed to start cutting crew members if the labor percent grows above 20% of revenue.
Total variable cost as a percentage of sales revenue can vary depending on the industry and specific business model. However, a generally accepted guideline is that variable costs should ideally be kept below 70-80% of sales revenue. This ensures that there is enough margin left for covering fixed costs and generating a profit.
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.
"Their salaries" is correct because "salaries" should agree with the plural noun "their."
Most small businesses should allocate between 2 and 3 percent of revenue for advertising. That number should increase as the business grows.
No
AnswerAfter the opening of Hancock, his estimated net worth should stand at a little over $380 million dollars, according to a varied list of base salaries and percentage gross.
AnswerAfter the opening of Hancock, his estimated net worth should stand at a little over $380 million dollars, according to a varied list of base salaries and percentage gross.