university finance

me / Units stion 9 Investment bank Canaccord's Think Childcare (TNK) initiation of coverage states: "Building lease costs - Rent expense is the second largest cost and TNK reported rent/sales of 12.1%, within the industry yet saved range that we typically see as 12-14% of sales. TNK lease all their properties and do not intend to own property. Leases are generally long term with 10-15 year terms and additional options. Although ked out of terms vary across properties and landlords, rental increases are generally tied to the consumer price index (CPI)" Assuming that sales grow faster than the CPI, when Canaccord forecast TNK's building lease costs using the 'percent of sales' method, that proportion should; Flag question Select one: O a. Rise over time. O b. Fall over time. O C. Remain constant over time. O d. Insufficient information to make a conclusion. Previous page Next page Students General Sta Learn Quick Guides for students ILearn or IT question? help.mq ILearn Quick Go General question? ask.mq iLearn info L&T Workshops IT Information (printing, ILab, technologies) Library /each OFLearAsCH) Student life - help and advice Handbook Echo360 Lecture Rs Email Unit Guides TED'S (evaluation eStudent Learning and Teaching Policies