FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A property has potential gross income of $117,092, effective gross income of $68,276, and operating expenses of $35,359. What is the operating expense ratio? Note:

image text in transcribed
A property has potential gross income of $117,092, effective gross income of $68,276, and operating expenses of $35,359. What is the operating expense ratio? Note: make sure you write in the numbers and decimals Mot dollar amounts and percentages - NO" $40,000 " and NO "9.5\%" - YES "40000" and YES "0.095

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The House That Bogle Built How John Bogle And Vanguard Reinvented The Mutual Fund Industry

The House That Bogle Built How John Bogle And Vanguard Reinvented The Mutual Fund Industry

Authors: Lewis Braham

1st Edition

0071749063,0071751157

More Books

Students also viewed these Finance questions

Question

★★★★★
Suppose that on a linear temperature scale X, water boils at 53.5oX and freezes at 170oX. What is a temperature of 340 K on the X scale? (Approximate water's boiling point as 373 K)

Answered: 1 week ago

Question

★★★★★
Cassy reports a gross tax liability of $1,180. She also claims $580 of nonrefundable personal credits, $790 of refundable personal credits, and $380 of business credits. What is Cassy's tax refund or...

Answered: 1 week ago

Question

★★★★★
3. Visit exsys.com and run two of the demo systems. Describe each system.

Answered: 1 week ago

Question

★★★★★
On January 1, 2014, Valdez Company had Accounts Receivable $91,000 and Allowance for Doubtful Accounts $8,100. Valdez Company prepares financial statements annually. During the year, the following...

Answered: 1 week ago

Question

★★★★★
ou have $68000. You put 24% of your money in a stock with an expected return of 13%, $39 000 in a stock with an expected return of 18%, and the rest in a stock with an expected return of 21%. What is...

Answered: 1 week ago

Question

★★★★★
Kirk Van Houten, who has been married for 2 3 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 3 0 - year wedding anniversary. Assume that the cost of the...

Answered: 1 week ago

Question

★★★★★
Joseph is 72 years old and lives alone in a one-bedroom apartment in Stoughton. For the past 8 years he has been using a walker. He has a high risk of falling and needs assistance with some...

Answered: 1 week ago

Question

★★★★★
Stephanie Parker is a salaried, nonexempt administrator for Forise Industries and is paid biweekly. Her annual salary is $63,000, and her standard workweek is 45 hours. During the pay period ending...

Answered: 1 week ago

Question

★★★★★
Jamie Lee Jackson, age 26, is in her last semester of college and is anxiously waiting for graduation day that is just around the corner! She still works part-time as a bakery clerk, has been...

Answered: 1 week ago

Question

★★★★★
The three workplace conflict perspectives are: a. Managed, Functional, and Dysfunctional b. Managed, Interfunctional, and Traditional c. Traditional, Managed, and Interactionalist d. Traditional,...

Answered: 1 week ago

Question

★★★★★
You have a client named Takem's Appliances and Electronics, LLC, owned and operated by Tommy Takem. Takem's is located in a rural area of Southwest Virginia, and the majority of its customers are...

Answered: 1 week ago

Previous Question Next Question