1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scrat [10]
3 years ago
11

In the current year, Marnie rented her vacation home for 75 days, used it for personal reasons for 22 days, and left it vacant f

or the remainder of the year. Her income and expenses are as follows: Rental income $ 18,000 Property taxes 2,500 Mortgage interest 3,500 Utilities 1,100 Repairs and maintenance 1,000 Depreciation 5,200 What is Marnie's net income or loss from the activity
Business
1 answer:
Dimas [21]3 years ago
3 0

Answer: $11123

Explanation:

Based on the information given, Marnie's net income or loss from the activity will be calculated thus:

Rental income = $18000

Less: Property tax = $2500 × 75/365 = $514

Less: Mortgage interest = $3500 × 75/365 = $719

Less: Utilities = $1100 × 75/97 = $851

Less: Repairs and Maintenance = $1000 × 75/97 = $773

Less: Depreciation = $5200 × 75/97 = $4021

Net income = $11,123

You might be interested in
If one-year nominal interest rate in the U.S. is 3%, while the one-year nominal interest rate in Australia is 5%. The spot rate
Mariana [72]

Answer:

to get 5,00,000 australian dollar at the forward rate we are goign to need 4,704,000 US dollars

Explanation:

spot x (1 + (US rate - Australia rate) x time)

0.96 x (1+(0.03-0.05)x1 year) =

0.96 x 0.98 = 0.9408 forward exchange rate

$5,000,000 Australian Dollar * 0.9408 = 4,704,000 US dollars

3 0
3 years ago
The term monopoly refer most specifically to
Alisiya [41]
<span>the exclusive possession or control of the supply or trade in a commodity or service.</span>
8 0
3 years ago
The stock is currently selling for $15.25 per share, and its noncallable $1,000.00 par value, 20-year, 9.00% bonds with semiannu
ANTONII [103]

Answer:

12.8%

Explanation:

Ra=Rf+(Rm-Rf)*Ba

Ra=?

Rf=5.5%

Rm=11.5%

Ba=1.22

Ra=5.5%+(11.5%-5.5%)*1.22

Ra=12.8%

7 0
3 years ago
When reflecting upon the newer generation, each older generation says the same thing:
kakasveta [241]

Answer:

live long boomers

Explanation:

4 0
3 years ago
Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now?
maw [93]

Answer:

Working with real estate agent brochure and agreement form.

6 0
3 years ago
Other questions:
  • Energy Unlimited, LP, is a limited partnership to which its partners, including Fink, have contributed capital. Energy's credito
    6·1 answer
  • Camilo and Isa have three children all under the age of ten. The two youngest children, who are three and five years old, attend
    7·1 answer
  • The gaps model is designed to highlight those areas where
    8·1 answer
  • Susie Jones is in the office today to see her regular physician for her 5 year well child check. She is getting ready to start s
    7·1 answer
  • _____ is defined as the connection between an entrepreneur's skills, understanding of an industry, and the ability to create a c
    9·1 answer
  • What makes financial professions popular in Nepal?​
    7·1 answer
  • Which of the following is likely to occur as a result of new legislation regarding automobile safety
    6·1 answer
  • Some sellers put specific limitations in the warranty to limit the effectiveness of a warranty. Such a denial or repudiation in
    5·1 answer
  • Going public: Group of answer choices ensures that the company gains control in decision making. enhances the company's ability
    12·1 answer
  • Joshua controls all the pay​ rates, raises, and bonuses in your department. He is also able to assign you to an interesting work
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!