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natali 33 [55]
3 years ago
5

An owner of a six-family apartment complex pays the property manager an annual salary equal to 6% of the property's annual gross

income. If the annual gross income is $700,000, the annual expenses are $325,000 and the capitalization rate is 10%, what is the property manager's annual salary?
Business
1 answer:
zhannawk [14.2K]3 years ago
8 0

Answer:

The property manager's annual salary is $42,000

Explanation:

In the question, it is mentioned that the property manager salary equals to the 6% if the property annual gross income, and the property annual gross income is $700,000

So, the property manager salary equals to

= Property annual gross income × 6%

= $700,000 × 6%

= $42,000

The annual expenses and capitalization rate is irrelevant. Thus, it is ignored in the computation part.

Hence, the property manager's annual salary is $42,000

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2. Small household: 1-2 members.

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3 years ago
Which of the following functions of marketing involves sorting products according to their size and quality, helping to reduce t
sladkih [1.3K]

Answer:

b. The standardization and grading function

Explanation:

Based on the information provided within the question it can be said that the function of marketing that does this is the standardization and grading function. This helps the customers with buying and selling of goods by sample or description. In other words by sorting them by a specific size and quality so that customers already understand what it is and do not have to bother with a detailed assessment.

7 0
3 years ago
Suppose you just won the state lottery, and you have a choice between receiving $3,500,000 today or a 20-year annuity of $250,00
xeze [42]

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Where; PMT = the periodic cash payment; r = the interest rate per period; n = the total number of periods and PV = present value.

Therefore; 3500000 = 250000×((1-(1+r)^-20)/r

This will give the rate as 3.67%

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3 years ago
Outline the initiatives that Woolworths use to lessen their impact on the environment​
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The initiatives that Woolworths use to lessen their impact on the environment​ - RECYCLING

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HERE'S HOW WE'RE SAVING ENERGY

AT OUR STORES: every time we design a new store, we have a look at the way to encompass strength-saving elements and solar energy. This has resulted in extra than 40% reduction in energy utilization in SA shops, with over 100 inexperienced stores designed.

2. WATER

We want to ensure future generations will still be able to enjoy clean, fresh water. That's why we’re actively working to use water responsibly   – in our own operations and those of our suppliers.

HERE'S HOW WE'RE SAVING WATER:

AT OUR HEAD OFFICE: We treat and use underground water, saving the local municipality over 14.5 million litres of water every year.

FARMING FOR THE FUTURE: We’re helping farmers reduce water wastage and water pollution through our Farming for the Future initiative.

Learn more about RECYCLING brainly.com/question/11861824

#SPJ9

5 0
1 year ago
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