Annual gross potential rental income from a property minus expenses (vacancy and collection losses, operating expenses, replacement reserves, property taxes, and property and liability insurance) equals Effective gross income . This is further explained below.
<h3>What is
Effective gross income?</h3>
Generally, Effective gross incomeis simply defined as the total effective gross revenue equals potential gross income less vacancy and collection losses + other income.
In conclusion, Potential gross revenue minus vacancy and collection losses, plus other income, is equivalent to effective gross income.
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Answer:
Explanation:
The store function has the responsibility for the receipt custody and distribution of stocks and for the determination of appropriate quantities and qualities of material to be held since order that operational needs, may be in an economic possible therefore, store management can become an important tool. Therefore,every department in a store is supposed to work together to get sales. Managers of each department should work together to ensure each department is staffed and there is enough products.
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Answer:
Evaluating economic performance means measuring how well the economy has one.
The purpose for appraising or measuring economic performance is because one cannot manage what one cannot measure.
Explanation:
Some of the metrics for measuring economic performance are:
- GDP/Capita
- Inflation Rate
- Rate of Unemployment
- External Reserves
- Real disposable incomes
- Human development index
All of these factors can be influenced using either Fiscal of Monetary tools and government policies.
The extent to which each tool is deployed depends on the result from the performance evaluation.
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