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3 years ago

Complete the following sentence.

Business

1 answer:

Anni [7]3 years ago

5 0

Answer:

Satisfy their wants and needs

Explanation:

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Given the following information, calculate the going-in capitalization rate for the following apartment complex. In your calcula

BaLLatris [955]

Answer:

The correct option is b. 1.01%.

Explanation:

This can be calculated as follows:

Potential gross income = Number of apartment units * Monthly rent per unit = 15 * $3,000 = $45,000

Therefore, we have:

Details Amount ($)

Potential gross income (PGI) 45,000

Vacancy and collection loss (10% of PGI) (4,500)

Effective gross income (EGI) 40,500

Operating expenses: 5% of effective gross income (2,025)

Capital expenditures (10% of effective gross income) (4,050)

Net operating income  34,425 

Acquisition price = 3,420,000

Going-in capitalization rate = Net operating income / Acquisition price = $34,425 / $3,420,000 = 0.0101, or 1.01%

Therefore, the correct option is b. 1.01%.

5 0

3 years ago

Which lawmakers must be at least 30 years old and u.s. citizens for at least nine years?

earnstyle [38]

U.s Senators are required to be 30 years old and a u.s citizen for at least nine years

5 0

4 years ago

Jeff Co. sells its giant cheese wheels for $36 per wheel. The contribution margin ratio is 75% and total fixed costs are $270,00

Damm [24]

Answer:

Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75

= $432,000

Number of units to be sold

= Level of sales/Selling price

= $432,000/$36

= 12,000 units

The correct answer is A

Explanation:

In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.

7 0

3 years ago

What does it mean for a savings account to have a minimum balance?

Fittoniya [83]

Answer:

Explanation:

A savings account is an account owned by an individual at a bank. He keeps his money there, and earn interest at the end of the month for his savings.

A minimum balance is sometimes required by the banks for a savings account, customers are expected to keep such minimum balance always if not, the account will be closed down.

5 0

3 years ago

$2000 a year is deposited into an annuity for a child from its birth until it is 18 years old. The rate of interest is at 7%. Wh

Vitek1552 [10]

I think the annuity will be worth about 41,146 in 18 years, I hope this helped :)

6 0

3 years ago