Answer:
$89,100
Explanation:
Let us first calculate annual gross rent for Year 1:
Total rent per month:
= 2 suites at $1,800 + 1 suites at $3,600 + 5 suites at $1,560
= $3,600 + $3,600 + $7,800
= $15,000
Annual gross rent = Total rent per month × 12
= $15,000 × 12
= $180,000
Effective gross revenue = Potential gross rent revenue - Vacancy and connection losses (10% of potential gross rent)
= $180,000 - $18,000
= $162,000
Net operating income = Effective gross revenue - Operating expenses including depreciation
= $162,000 - $72,900
= $89,100
Answer:
It allowed pre-emptive identification of problems to minimize the impact on customers.
Answer:
Ans. c) The annual percentage rate of the loan is approximately 913%
Explanation:
Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.
That is:
So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.
That is 913% per year.
Best of luck.
Economics in many cases is an exact science, but usually it is a practical one that has applications. Thus there are some practical goals that need to be answered with the use of economics and an easy to summarize form of them are the five fundamental questions of economics. 3 of the choices above are such fundamental questions; determining the way of production, the receiver of the production as well as the ways in which the economic system can change are of fundamental importance to the science of economics. The other 2 questions are: What products will be produced ? and How can we foster progress?
Choice d is a pretty important question too (that falls somewhat under a) but the fact that it mentions the government specifically makes it less general than the other propositions so it is not a fundamental question.
The terms with the definitions of a treasury bill are as follows:
- Purchase price - The value of the T-bill less the discount.
- Discount - The interest of the T-bill.
- Maturity value - The face value of the T-bill.
- Effective rate - The actual interest rate.
<h3>What is a
treasury bill?</h3>
In financial market, the "Treasury Bill" (T-Bill) can be defined as short-term debt obligation backed by the U.S. Treasury Department with a maturity of one year or less which are usually sold in denominations of $1,000 while some can reach a maximum denomination of $5 million. For this instrument, the longer the maturity date, the higher the interest rate that the instrument will pay to the investor.
In a typical economy, the department of Treasury sells the T-Bills during auctions using a competitive and non-competitive bidding process. The noncompetitive bids are also known as non-competitive tenders which have a price based on the average of all the competitive bids received.
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