Question
Audra owns a rental house. She makes mortgage payments of $700 per month, which include insurance, and pays $2,640 per year in property taxes and
Audra owns a rental house. She makes mortgage payments of $700 per month, which include insurance, and pays $2,640 per year in property taxes and maintenance. Utilities are paid by the renter.
Note: Ignore any tax effects. How much should Audra charge for monthly rent to cover her costs?
Charge for monthly rent to cover cost :
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Managerial Accounting Creating Value In A Dynamic Business Environment
Authors: Ronald W Hilton
6th Edition
0071113142, 978-0071113144
