QUESTION 32 Net operating income is determined by subtracting which of the following items from effective gross income? A Debt service Cash flow Operating expenses 0 . D. Revenues QUESTION 33 A common goal for a real estate manager is to maximize which of the following? O A. Cash flow Net operating income OB Gross potential rental income . Miscellaneous income OD QUESTION 34 When preparing an annual budget and allocating funds on a monthly basis, in which month should you list an expense that is incurred in March but paid in May A. April B. May C. March February O