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Well they say 30% should go to your mortgage payments. That leaves 70% of your income. Also depending on how big your family is. If you have an average 3 person family you should dedicate 25-30% of your income to your grocery bill.
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What percent of sales can a retailer afford to pay in real estate rent?
10-15%
Rent expense cost of sales?
Rent expense is considered an overhead cost, not a cost of sales since it does not directly relate to the merchandise you are selling. Any prepaid rent (such as at the beginning of the month) should receive a journal entry debit to an account called prepaid rent, and at the end of the month should be credited to rent expense. Hope this helps.
What percentage of business income should be spent on commercial rent?
20 percent
What percentage of retail gross sales should go to rent?
Depends on the business but for most small business your total occupancy cost should never exceed 10% of total sales.
I make 30000 a year how much should I spend on rent per month?
Only about 25 percent of your total income should be spent on rent. An income of $30,000 should spend no more than $2500 per month on rent.
What should be the percentage of rent to sales in a retail business?
Retail speciality rent should not exceed 10% of gross sales. Project a realistic expectation of sales to establish a rent you can support. Calculate your base rent on this projection and allow for a 20% error on the down side. Keep in mind the lessor must cover costs and realize a gain on the investment, so new facilities may not be within range of what you can support. Depreciated older property may be the best option. If your business is characterized by growth, you may want to offer the lessor a percentage of the sales over the base amount to offset a lower rent.
What does it cost to rent a coffee van?
as much as you are willing to pay
What is the answer if Dustin makes 2330 each month and pays 840 for rent . to the nearest tenth of a percent what percent of Dustin's earnings are spent on rent?
36.1%
How much should you pay to purchase a small coffee shop?
Typically any business is sold for 3 to 5 times their average annual profits for the preceding 3 to 5 years, so if the coffee shop made an average profit of $10,000 for the previous 3 years, a reasonable sales price would be around $30,000 to $50,000
What are examples of revenue income?
sales rent received commission received
What percentage of restaurant gross sales should go to rent?
6% to 8% of gross salesRestaurant Rent: How Much is Too Much?By Richard D. Williams, MAITuesday, 31st October 2006http://www.4hoteliers.com/4hots_fshw.php?mwi=1661
Can a Landlord increase your Rent by 3 percent even if you have a fixed income?
Yes. Your income is unrelated to your rent.
