Answer:
B. $60,000
Explanation:
4 office units x $ 2,500 per month x 12 months = 120,000
Vanccy and collection losses 15%
120,000 x 15% = 18,000
Then operating expenses for $ 42,000
The capital expenditures aren't considered expenses for the period.
120,000 - 18,000 - 42,000 = 60,000
The answer is D. Please don't discriminate if I'm wrong.
<span />
Answer:
The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34
Explanation:
<em>Step 1: Determine HOA per day</em>
Use the expression below to determine HOA per day;
T=H×N
where;
T=total HOA dues per year
H=HOA per day
N=number of days in a year
In our case;
T=$660
H=unknown
N=360 days
Replacing;
660=H×360
360 H=660
H=660/360
H=$1.83 per day
<em>Step 2: Determine amount of HOA that is due back</em>
Using the same expression;
T=H×N
but;
T=unknown
H=$1.83 per day
N=(June, 15 days)+(July, 30)+(Aug, 31)+(Sep. 30)+(Oct 31)+(Nov 30)+(Dec 31)
N=(15+30+31+30+31+30+31)=198 days
Replacing;
T=(1.83×198)=$362.34
The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34
