Company 2 has expenses of $500,000 as well?
Need help here.........
company expenses =$500,000 Lease/maintenance portion is 25%
The lease for Company 2 makes up 18% of the lease/maintenance portion of the expenses. Next year the taxes on lease are due to increase by $200 for every $2500 of the lease amount. If all other lease/maintenance costs remain the same, what percent of the lease/maintenance would the new lease amounts be?
And if you dont mind explain to me how you got your answer.....thank you
19.4%......but where I ran into the issue was trying to figure within the 25%.....My thought was I had to figure within the 25% somehow..I cannot wrap my mind around this for some reason.......
so we figured the original amount 18% in dollars and then added the new and then just figured what % that would be out of the total for the year...
So the % of expenditures will change for the year as well to 27%...Is that correct?
so the lease portion would be 19.4 of 27% next year.....correct?
i think i am getting it............you have been a tremendous help!!!