You currently lease scanning equipment at a cost of $1,500 per quarter and two copy machines at $120 each per month.
a. What will you need to budget annually for this leased equipment?
4*1500 + 12*2*120
To calculate the annual budget for the leased equipment, we need to determine the total cost for each item over a year and then sum them together.
For the scanning equipment:
The cost is $1,500 per quarter, which means $1,500 * 4 quarters = $6,000 per year.
For the two copy machines:
The cost is $120 each per month, so $120 * 2 machines * 12 months = $2,880 per year.
To get the total budget for the leased equipment, we need to add the costs for the scanning equipment and the copy machines together:
$6,000 + $2,880 = $8,880
Therefore, the annual budget for the leased equipment would be $8,880.