Question

what is the cost of leasing the warehouse described in the table for 1 year?
building rental
building | size (ft²) | cost ($/ft²/year)
warehouse | 156,000 | 4
office space | 15,000 | 24

Explanation:

Step1: Identify the relevant values

The size of the warehouse is \( 156,000 \, \text{ft}^2 \) and the cost per square foot per year is \( \$4 \).

Step2: Calculate the total cost

To find the total cost, we multiply the size of the warehouse by the cost per square foot per year. The formula is:

$$ \text{Total Cost} = \text{Size} \times \text{Cost per } \text{ft}^2 \text{/year} $$

Substituting the values:

$$ \text{Total Cost} = 156000 \times 4 $$

Step3: Perform the multiplication

$$ 156000 \times 4 = 624000 $$

Answer:

\( \$624000 \)