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
Paul [167]
2 years ago
6

Vincent owns an apartment building containing 15 rental units. Vincent pays $22,690 in taxes and building upkeep every year, and

charges rent of $833 per month. Assuming that all of the rental units are full, how much does Vincent make from his apartment building every year? a. $127,250 b. $149,940 c. $35,185 d. $102,260.
Business
1 answer:
Nana76 [90]2 years ago
7 0

The total amount Vincent will make each year from the apartments will be $127,250.

Computation:

Given,

  • Number of rental units =15
  • The total amount paid in the form of taxes and for upkeeping of the building is $22,690.
  • Charges for the rent of each apartment for each month are $833.

First, total rental income from all the 15 apartments for the entire year is computed as follows:

\begin{aligned}\text{Income from Rental Apartments}&=\text{Rent per month}\times\text{Total Units}\times12\\&=\$833\times15\times12\\&=\$149,940\end{aligned}

Now, the net income is computed based upon the total income and total expense:

\begin{aligned}\text{Net Income}&=\text{Income from Rental Apartments}-\text{Taxes and Building Upkeep}\\&=\$149,940-\$22,690\\&=\$127,250\end{aligned}

Therefore, option a. $127,250 is correct for the net income of Vincent from the rental property after paying off the taxes and charges for upkeeping the building every year.

To know more about net income, refer to the link:

brainly.com/question/25247632

You might be interested in
Product focused processes: allow more customization, but are not very efficient. are desirable because resource needs increase s
Vikki [24]

Answer:

The correct answer is letter "C": are processes that are specialized for relatively few products or customer groups.

Explanation:

Product-focused processes are those that follow a market segmentation. Companies decide to what sector of the market they will drive their efforts towards and specializes in the manufacturing of a determined good.

Production tends to involve high volumes and low variety process but provides manufacturers relatively high facility utilization. Examples of product-focused processes are the production of light bulbs or bolts.

4 0
3 years ago
The overall responsibility of health information management professional is
Vadim26 [7]
<span>Ensuring the quality and accuracy of health information. Hope this helps!

</span>
8 0
3 years ago
Which of the following statements is normative rather than positive?
torisob [31]

Answer:

D) Income inequality should be minimized in a developed society.

Explanation:

Normative statements express value-based judgement on how a situation should be . In the instance aboce, it is the author's opinion that in developed society income inequality should be minimised.

Positive statements are more descriptive using facts to make statements. In the above Carla will get more excercise at the fair than at the movies is a fact-based statement.

7 0
4 years ago
Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into
klio [65]

Answer:

Total deduction for the year = $48,956

Explanation:

You can deduct investigation expenses but only for new business that is in the same industry as your current business. In this case, Henrietta incurred in $42,500 expenses trying to expand her hotel business. Total deduction for the current year = $42,500.

If the investigation expenses are not related to your current business, e.g. restaurants, then you can capitalize the costs and amortize them only if you actually carried out the expansion.

You can deduct up to $5,000 during the first year but this amount decreases by $1 for every dollar above $50,000. Total immediate deduction = $4,400. The remaining $46,200 must be amortized over 180 months. Amortization per month = $46,200 / 180 = $257

Total amortization for year 1 = 8 months x $257 = $2,056

Total deduction for the year = $42,500 + $4,400 + $2,056 = $48,956

7 0
4 years ago
How many types of management are there in business?
jeka94
There are eight types of management in business. <span />
3 0
3 years ago
Other questions:
  • Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials$5.25 Direct labor$3.90
    13·1 answer
  • Which of the following is a function of online analytical processing? Group of answer choices feeding vast amounts of informatio
    6·1 answer
  • Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurre
    10·1 answer
  • create a persuasive email to Mrs. Jarrett and Mrs. Haynes about recruiting graduating seniors to come work for you this summer.
    14·1 answer
  • Please help me thankssss !!!!
    5·1 answer
  • Black Company's unadjusted and adjusted trial balances on December 31 of the current year are as follows
    11·1 answer
  • A corporate bond with a 6% coupon (paid semiannually) has a yield to maturity of 7.5%. The bond matures in 20 years but is calla
    9·1 answer
  • What are the two factors you should consider when choosing which target date fund is best for you?
    8·1 answer
  • In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing dif
    7·1 answer
  • A monopolistically competitive firm is one:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!