A strip mall generates $215,000 in effective rental income and $3,000 in other income. The same mall has $102,000 in operating e
xpenses and $15,000 as reserves. What is the net operating income ofthe strip mall?
A. $113,000
B. $99,000
C. $101,000
D. $116,000
1 answer:
Answer: $116,000
Step-by-step explanation:
The net operating income will be the operation profit after deducting the expenses from the accrued revenue (reserve exclusive)
The revenue generated are $215,000 + $3,000
= $218,000
Expenses incurred;
$102,000
The net operating income = $218,000 - $102,000
= $116,000
Note that reserves is not used in business operation. Therefore it cannot be regarded either as revenue or expenses.
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