The Net operating income for the year is $380,000
<h3>What is
Net operating?</h3>
Net operating income (NOI) is a common metric for determining a property's profitability. The calculation involves deducting all operating expenses from all revenue generated by the property. The more profitable a property is, the higher the revenues and the lower the expenses.
A property, for example, may earn money from tenant rents and a coin laundry machine. Operating expenses include not only maintenance fees, but also insurance and professional assistance. The strength of NOI is that it incorporates all necessary income and expenditures per property into a single calculation.
Using this formula
Net operating income=[Sales×(Fixed Cost-Variable cost)] -Fixed expenses
Let plug in the formula
Net operating income=[30,000×($40-$19)]-$250,000
Net operating income=(30,000×$21) -$250,000
Net operating income=$630,000-$250,000
Net operating income=$380,000
Inconclusion The Net operating income for the year is $380,000.
Learn more about Net Operating Income here:
brainly.com/question/21175714
#SPJ4
