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:
B. not accurately defined by any of these statements.
Explanation:
An inferior good is defined as one whose the quantity demanded decreases as the income of its consumers increases and vice versa.
<em>Option A is incorrect because the income elasticity for inferior goods is negative and therefore, as the income of the consumers increases, the demand curve shifts to the left.</em>
<em>Option C is incorrect because an inferior good does not necessarily mean a fake good. A good can be inferior but yet meet all the standards for approval by the FDA.</em>
<em>Option D is incorrect. The price and quantity demand for inferior goods, just like normal goods do not vary directly. This is only applicable to luxurious goods.</em>
None of the statements in A, C, and D accurately defined an inferior goods.
Hence, the correct option is B.
Answer:
The ratio of cash to cash expenses in year 1 is 0.69 and 1.07 in year 2
Explanation:
The monthly cash expense is net cash flows from operations minus cash and cash equivalents for the year.
Year 1 Year 2
Net cash flows from operations $32,400 $39,600
less cash and cash equivalents ($13,230) ($20460)
Cash expense $19,170 $19,140
Ratio of cash to cash expenses(cash and cash equivalents/cash expense)
cash and cash equivalents $13,230 $20460
Cash expense $19,170 $19,140
Ratio of cash to cash expense 0.69 1.07
This ratio examines the relationship between cash spent in a year versus the cash balance as at the end of the year.
If "Inflation" is one of your choices Its the correct answer.
