Respuesta :
Lease payments for the upcoming year equal $129,240
Step 1: Calculate the pay for the upcoming year
Since the sales salary will have increased by 7% the following year, we can predict the annual sales as illustrated;
F=P(1+R)
where;
F is the upcoming salary.
P is the current wage.
salary growth rate
In our scenario, F is an undefined, undetermined value.
P = 190,000 monthly
P = (190,000 x 12) = $2,280,000 per year
R=5%=5/100=0.05
replacing;
F=2,280,000(1+0.05)=$2,394,000
Identify the year's rent in step two.
Rent for the following year is equal to 0.05 x $2,394,000, or $119,700.
Step 3: Calculate the total annual taxes, insurance, maintenance, and utility costs.
Total equals annual insurance, annual maintenance, annual utility, and annual tax payments.
Total=(300×12)+(75×12)+(300×12)+(120×12)=$9,540
Step 4: Calculate the annual lease payments.
Annual lease payments equal the following year's rent plus annual taxes, insurance, maintenance, and utilities;
Rent for the following year will be $197,00
annual taxes + insurance + maintenance + utilities = $9,540
replacement; (119,700 + 9,540) = $129,240 for the upcoming year's lease payments
Lease payments for the upcoming year = $129,240
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