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2 years ago

To determine the effective gross income on a property, the sales associate should:________

Business

1 answer:

artcher [175]2 years ago

4 0

Answer:

Subtract vacancy and credit costs from potential gross income

Explanation:

Effective gross income (EGI) is actually the ratio or relationship that exists between the sale price of a property and effective gross income of that same property.

It is the potential gross income added to other income when vacancy and credit costs are subtracted from it.

EGI is used to determine the value of a rental property and the cash that the property generates.

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JOURNAL ENTRIES<br>cash withdrawn by the owner for private use Rs. 25000 <br>PLEASE HELP .

alexandr1967 [171]

Answer:

he withdrw 25,000

Explanation:

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2 years ago

Read 2 more answers

On January 1, 2019, Eagle Company borrows $18,000 cash by signing a four-year, 9% installment note. The note requires four equal

sasho [114]

Answer:

I prepared the attached excel spreadsheet because there is not enough room here. The first payment is made on December 2019.

Download pdf

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2 years ago

Hammes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and

Sergio039 [100]

Answer:

c. $191 Favorable

Explanation:

Flexible budget Planning budget Activity variance

Units produced 5,510 units 5,500 units

Revenue $237,481 $237,050

Total Expenses ($207,340) ($207,100)

Net Operating Income $30,141 $29,950 $191 F

<u>Workings</u>

Flexible budget revenue = 5,510 units*$43.10 = $237,481

Planning budget revenue = 5,500 units*$43.10 = $237,050

Flexible budget expenses = $75,100 + $24*5510 = $207,340

Planning budget expenses = $75,100 + $24*5500 = $207,100

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2 years ago

Insurance can help you: evefi

leva [86]

Insurance can definitely help you in case of an emergency.

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2 years ago

You are given the following information for O'Hara Marine Co.: sales = $75,500; costs = $35,200; addition to retained earnings =

pshichka [43]

Answer:

O'Hara Marine Co.

Depreciation Expense is:

$13,903

Explanation:

a) Data and Calculations:

sales = $75,500;

costs = $35,200;

addition to retained earnings = $9,580;

dividends paid = $8,420;

interest expense = $2,620;

tax rate = 23 percent

Net Income:

addition to retained earnings = $9,580;

dividends paid = $8,420

Total net income = $18,000

Pre-tax Income = $18,000/0.77 = $23,377

Income tax (23%) of $23,377 = $5,377

After Tax Income = $18,000 ($23,377 - 5,377)

Depreciation:

sales = $75,500

costs = $35,200

Gross profit = $40,300

Less interest (2,620)

Less net income (23,777)

Depreciation = $13,903

6 0

2 years ago