Answer:
SIGNIFICANCE TEST
Explanation:
Significance tests give us a formal process for using sample data to evaluate the likelihood of some claim about a population value . The significance level for a given hypothesis test is a value for which a P-value less than or equal to is considered statistically significant. Typical values for are 0.1, 0.05, and 0.01. These values correspond to the probability of observing such an extreme value by chance
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:
$ 1,500
Explanation:
Expenses paid by tenants on behalf of the landlords ( taxpayer), are considered as part of the rental income. Many tenants will normally deduct the expense from their monthly rent. Landlords should declare the full amount of rent as the rental income.
The income that Jackson should report will be.
Repairs paid by Joane = $ 1,350
Rent balance paid by Joane = $150
Jackson should report =$ 1350+ $ 150
=$ 1,500
Answer:
True
Explanation:
Root Cause analysis is used by the evaluator to address the problem instead of just identifying the symptoms. It is used when some thing goes bad. Root cause analysis is used to find the root cause and to improve it. During this a series of questions are posed to find out the cause of the issue. Incident investigation and problem solving are some of the root cause examination. Root cause analysis is connected to three basic questions; <em>what is the problem and why did it happen, what can be done to prevent it from happening again.</em>
