Ferguson Financial Advisers Inc. (FFAI) allocates 76% of its annual budget to employee compensation. FFAI spends $1,345,000 annually on employee compensation. What is the annual budget of FFAI?

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asked Mar 24, 2018 164k views

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Ferguson Financial Advisers Inc. (FFAI) allocates 76% of its annual budget to employee compensation. FFAI spends $1,345,000 annually on employee compensation. What is the annual budget of FFAI?

Mathematics
high-school

Superlokkus asked

by Superlokkus

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1 Answer

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the annual budget of FFAI
0.76x=1345000
Solve for x
X=1,345,000÷0.76
X=1,769,736.84

Mina Luke answered Mar 29, 2018

by Mina Luke

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