INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$6, 265.50
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$5, 976
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$5, 850
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$6, 142.50
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Detailed explanation-1: -The formula is (Gross Sales – Natural Break Point x % = Percentage Rent). First you need to establish the “Natural Break Point”. The Natural Breakpoint is the annual Minimum Base Rent divided by the stated Percentage Rate (6% in this scenario).
Detailed explanation-2: -A simple formula for commercial rent calculation used by everyone is the following: Rent = (Usable sq ft x usable sq ft rate each month) + (Common area x the rates per month for this type of area).
Detailed explanation-3: -An anchor tenant (or major tenant) typically refers to a large store in a retail shopping center (usually a department store or a movie theatre), which the landlord has strategically rented space to in order to draw in large crowds and funnel them to other stores in the shopping center.