Fill in the Blank QuestionFill in the blank question.A retail store has 10,000 square feet of space and incurs rent costs of $5,000 per month. If Department A uses 2,000 square feet of space, the amount of rent allocated to the department will be $.
Question
Fill in the Blank QuestionFill in the blank question.A retail store has 10,000 square feet of space and incurs rent costs of .
Solution
To calculate the rent allocated to Department A, you need to determine the proportion of the total space that Department A uses and then apply that proportion to the total rent cost. Here are the steps:
-
Determine the proportion of the total space that Department A uses: Department A uses 2,000 square feet out of a total of 10,000 square feet. So, the proportion is 2,000/10,000 = 0.2 or 20%.
-
Apply this proportion to the total rent cost: The total rent cost is 5,000 = $1,000.
So, the amount of rent allocated to Department A is $1,000.
Similar Questions
The manager of a 139139-unit apartment complex finds that all units are rented at a price of $2025$2025 per month. Research shows that for each $45$45 increase in rent, one additional unit remains vacant. How much should he charge for rent in order to bring in maximum revenue and how many units are rented then?
An agent for a real estate company in a large city would like to be able to predict the monthly rental cost for apartments,based on the size of the apartment,as defined by square footage.A sample of eight apartments in a neighborhood was selected,and the information gathered revealed the data shown below.For these data,the regression coefficients are bo=373.5333 and b1=0.8553.Complete parts(a)through(d). Monthly Rent($); 9001,500,800,1600,1950,925,1825,1400, Size(Square Feet);850,1300,1050,1100,2000,650,1350,950 a.Determine the coefficient of determination, and interpret its (Round to three decimal places as needed.)
Market equilibrium rental price is $ per month. Market equilibrium quantity is apartments.b. If the local government can enforce a rent-control law that sets the maximum monthly rent at $1,500, will there be a surplus or a shortage? . Of how many units? apartments per month.
__________ is not a fixed cost.a.monthly rent of $1,000 contractually specified in a one-year leaseb.an insurance premium of $50 per year, paid last monthc.an attorney's retainer of $50,000 per yeard.a worker's wage of $15 per hour
Answer the following questions using the information below:The Cold Spring Harbor Corporation currently leases a corporate suite in an office building for a cost of$180,000 a year. Only 70% of the corporate suite is currently being used. A start-up business hasproposed a plan that would use the other 30% of the suite and increase the overall costs of maintainingthe space by $20,000.6) If the stand-alone method were used, what amount of cost would be allocated to the start-up business?A) $20,000B) $54,000C) $60,000D) $74,000
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.