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The Museum of Creative Arts had the following expenses: $5,000 of membership development expense, $3,000 of Fund-raising expense, $3,000 of Instructional Classes expense, and $1,500
The Museum of Creative Arts had the following expenses: $5,000 of membership development expense, $3,000 of Fund-raising expense, $3,000 of Instructional Classes expense, and $1,500 of general and administrative expense. What is the program expense ratio (rounded)?
A. | 70% | |
B. | 43% | |
C. | 24% | |
D. | 39% |
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