Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Given the following information, calculate the effective gross income: property: 4 office units, contract rents per unit: $2,750 per month; vacancy and collection losses: 18%; operating expenses: $41,000; capital expenditures: 11%.

Sagot :

Answer:

the effective gross income is $117,480

Explanation:

The computation of the effective gross income is shown below:

= Gross income - vacancy income

= ($2,750 × 4 units × $12) -  ($2,750 × 12 × 4 × 11%)

= $132,000 - $14,520

= $117,480

hence, the effective gross income is $117,480

The same is to be considered and relevant

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.