A building has a potential gross rental income of $145,000 with vending receipts of $5,000 and a vacancy rate of 5%. the annual expenses of the building are $15,000 in taxes, insurance $4,000, maintenance $10,000, utilities $6,000, repairs $3,500, legal fees $1,500, management fees @ 4% of effective gross income. what is the effective gross income of the property?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A building has a potential gross rental income of $145,000 with vending receipts of $5,000 and a vacancy rate of 5%. the annual expenses of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which response core capability involves ensuring the capacity for timely communications in support of security, situational awareness, and operations by any and all means available, among and between affected communities in the impact area and all
Answers (1)
Providers cannot maintain inventories of their services, leading them to vary prices according to demand. For example, most hotels charge more for lodging during holiday seasons than at other times of the year.
Answers (1)
You manage a software development group with team members in North America, South America, and Asia. Your boss wants you to write a status report about your group's activities.
Answers (1)
When analyzing the data collected for a competitive market analysis, all of the following statements are most likely true except which? a. Data on homes that sold over six months ago is less reliable. b.
Answers (1)
Gross profit by department appears on the
Answers (1)
New Questions in Business
Under what scenarios could a foodservice operation achieve excellent food and beverage cost percentages, yet incur excessively high labor costs?
Answers (1)
Stuart Weddle's father is 55 years old and wants to set up a cash flow stream that would be forever. He would like to receive $15,000 every year, beginning at the end of this year.
Answers (2)
A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted.
Answers (1)
When banks spend (or loan) money, the money supply increases and when interest / loan payments are received, the money supply declines ... True false
Answers (1)
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements.
Answers (1)