A building has a potential gross rental income of $145,000 with vending receipts of $5,000 and a vacancy rate of 5%. the annual expenses of the building are $15,000 in taxes, insurance $4,000, maintenance $10,000, utilities $6,000, repairs $3,500, legal fees $1,500, management fees @ 4% of effective gross income. what is the effective gross income of the property?
Final answer:
The effective gross income of the property is calculated by adding additional income to the potential gross rental income, subtracting vacancy losses, and accounting for management fees. After performing the calculations, the EGI is found to be $148,697.92.
Explanation:
The effective gross income (EGI) for a building is calculated by adding any additional income to the potential gross rental income and then subtracting vacancy losses. Here, the building has a potential gross rental income of $145,000 and additional vending receipts of $5,000. With a vacancy rate of 5%, we can calculate the vacancy loss and then find the EGI.
First, determine the vacancy loss: 5% of $145,000 is $7,250. Subtracting this from the potential gross rental income gives us $137,750. Add the vending receipts of $5,000 to get $142,750. Now, we have to consider the management fees, which are 4% of the EGI. To find the EGI including the management fees, we set up the equation EGI - 0.04 × EGI = $142,750. Solving for EGI gives us $148,697.92.
The private security industry is _____ larger than the public policing sector in the united states.
The private security industry in the U.S. is considerably larger than the public policing sector, driven by an increased demand for specialized services, cost-effectiveness, and technological advancements.
Explanation:The private security industry is significantly larger than the public policing sector in the United States. The growth of private security has been spurred by various factors including increased demand for specialized services, cost savings for businesses, and enhancements in technology. Private security includes personal bodyguards, private investigators, and security for corporations and events. On the other hand, public policing is carried out by government entities such as city police departments, and is responsible for maintaining public order, enforcing the law, and protecting the rights of citizens.
Comparatively, private security personnel often outnumber public police officers, and the services provided can be customized to suit the specific needs of individual clients. This disparity is reflective of broader trends in the privatization of services and the emphasis on specialized security across a growing range of settings, from retail establishments to private communities.
Which TWO of the following traits are important to remember as you prepare for an interview?
a. positivity
b. informal behavior
c. nonassertive behavior
d. enthusiasm
e. insecurity
The concept of _____ recognizes that managers must use their judgment to ensure that the cost of control does not exceed the system's benefits or the risks involved. question 26 options:
The amount of time police officers spend in a social service function is _______ percent?
What is the capacity of the football stadium at the university of michigan?
The football stadium at the University of Michigan, known as the 'Big House', can seat approximately 107,601 spectators. Its record attendance hit 115,109 in a game in 2013.
Explanation:The capacity of the football stadium at the University of Michigan is quite impressive. Often known as the 'Big House,' it is one of the largest stadiums in the United States and in the world. It can seat a maximum of roughly 107,601 spectators, although its record attendance reached a staggering 115,109 during a game in 2013. Its large capacity allows it to accommodate the vast fan base of the University of Michigan's football team, contributing to the exhilarating atmosphere during games at the stadium.
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Lakshmi has had a checking account for over twenty years and has always gotten money from her bank by cashing checks. She would like a more convenient method of getting cash, without having to visit a bank each time she needs to withdraw money. What type of card should Lakshmi get?
A credit union card would be the answer
Have a higher tolerance for risk, and their satisfaction increases when more payoff is at stake
Tile & grout (t&g) contracts to resurface the insides of the pools at waterworld park. t&g knows that without the resurfacing, waterworld will have to delay its seasonal opening. t&g does not perform as promised. as consequential damages, waterworld can recover
WaterWorld can recover the loss of profit from the delayed opening. In business this is what the Tile & Grout Company is supposed to do, considering they weren’t able to perform what they had to and the WaterWorld will be losing profits it is supposed to have on that day.
Consequential damages refer to the compensation for losses directly resulting from a contract breach, such as the scenario where T&G fails to resurface the pools at Waterworld Park, causing a delay in its seasonal opening. Waterworld can claim these damages for lost revenue, assuming the losses were foreseeable at the contract's inception. It's vital for contracts to possibly include terms to manage the liability for such damages.
Explanation:Understanding Consequential Damages in Contract Law
Consequential damages refer to compensation for losses that a party suffers as a direct result of another party's breach of contract. In the scenario where Tile & Grout (T&G) fails to resurface the insides of the pools at Waterworld Park as contracted, causing Waterworld to delay its seasonal opening, Waterworld can claim consequential damages. These damages are aimed at covering the lost revenue Waterworld would have generated during the period it was supposed to be open, assuming such losses were foreseeable to T&G at the time the contract was formed.
For Waterworld to recover consequential damages, it must prove that T&G's breach directly led to the financial losses, and that these losses were reasonably foreseeable at the time the contract was entered into. Additionally, Waterworld must mitigate its losses to the extent possible and provide evidence of the financial impact of the delay.
Examples of consequential damages in this context might include lost ticket sales, concessions revenue, and possibly compensation paid to customers for pre-booked tickets. It's important for businesses to understand the potential for such damages when entering contracts and to consider clauses that limit or exclude liability for consequential losses where appropriate.
What three items must be considered when scheduling appointments?
When scheduling appointments, three important items must be considered: availability, duration, and special requirements.
Explanation:When scheduling appointments, there are three important items that must be considered:
Availability: It is important to consider the availability of both the medical professionals and the patients. Scheduling should be done in a way that accommodates the preferences and schedules of both parties.Duration: The length of the appointment should be determined based on the nature of the medical procedure or consultation. Some appointments may require more time than others, so it is essential to allocate appropriate time for each appointment.Special Requirements: Certain appointments may have specific requirements, such as the need for an interpreter, specific medical equipment, or additional personnel. These special requirements must be taken into account when scheduling appointments to ensure that all necessary resources are available.Learn more about Scheduling Appointments here:https://brainly.com/question/1217885
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The increase in the personal consumption expenditures​ ______ aggregate demand.
The movie theater in your neighborhood charges lower ticket prices to senior citizens than to other patrons. assuming that this pricing strategy increases the profits of the movie theater, we can conclude that senior citizens must have a ________ for movie tickets than other patrons.
How is the negative externality exhibited by Jake affecting the society? Jake's overspending can result in personal bankruptcy, which will adversely affect the lives of his friends, family, and others, who were otherwise not involved in his overspending activities. This is an example of [need answer] externality.
negative
The obvious answer is it.
Why does the aggregate demand curve slope downward?
The aggregate demand curve slopes downward due to the wealth effect, interest rate effect, and foreign price effect, which together reduce the quantity of total spending as price levels rise.
Explanation:The aggregate demand curve slopes downward for several reasons, illustrating that as the price level rises, the quantity of total spending on domestic goods and services declines. This relationship is due to impacts such as:
The wealth effect: higher price levels result in lower real wealth, which reduces consumption.The interest rate effect: higher price levels lead to an increased demand for money, raising interest rates and thereby reducing investment spending.The foreign price effect: an increase in the price level makes domestic goods more expensive relative to foreign goods, reducing exports and potentially leading to an increase in imports.These effects are somewhat controversial among economists because they are not seen as very large, which is why the aggregate demand curve can be steep, indicating that the change in the quantity of aggregate demand with the price level is not very significant.
To remedy the high crash rates among young drivers ,blank is being implemented in several states
Due to the high crash rates among young drivers, Driver's education or communication campaigns are being implemented in some states to reduce the rate or to solve the critical issue. Special courses for young drivers to make them conscious about their personal tendencies that may affect their behavior towards driving can be helpful.
Amtrak is a publicly owned company that provides rail service. this means that amtrak's prices tend to be _____ than if it were a private company, and the quality of service tends to be _____ than if it were a private company.
Amtrak's prices are typically lower than a private company as the government prioritizes accessibility, while the quality of service may be perceived as lower or higher, depending on investment and focus on public services.
Explanation:Amtrak, a public corporation known as the National Railroad Passenger Corporation, was established by the U.S. government to preserve passenger rail service at a time when private railroads were failing due to the increasing popularity of automobiles. As a publicly owned company, Amtrak's prices tend to be lower than if it were privately owned because the government can subsidize the service and prioritize accessibility over profits. Conversely, some may argue that the quality of service tends to be lower compared to a private company, as there's less competition to drive improvements and efficiency. However, others might contend that the quality of service is comparable or even superior due to government investment and focus on public service rather than profitability.
A company holds a news conference to announce a new product launch. which pr tool are they using in this​ example?
According to adam smith what happens when the demand for a product decreases
What is outsourcing?
A company may contract a third party to carry out duties, manage operations, or offer services on its behalf as part of the outsourcing business activity.
The outside firm, also known as the service provider or third-party provider, makes arrangements for its own personnel or technological resources to carry out the duties or offer the services either on-site at the facilities of the employing company or at remote locations.
It can influence a wide range of occupations, from customer assistance to manufacturing to the back office, and outsourcing is typically done by businesses as a cost-cutting tactic.
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True or false? adults are categorized as those ages 25–64.
A computer chip manufacturer claims that no more than 2 percent of the chips it sends out are defective an electronics company, impressed with the claim, has purchased a large quantity of such chips. to determine if the manufacturer's claim can be taken literally, the company has decided to test a sample of 300 of these chips. if 10 of these 300 chips are found to be defective, should the manufacturer's claim be rejected?
The manufacture's claim can be rejected because 2 percent of 300 would be 6 computer chips. But, they had 10 defective chips out of 300 chips ordered which implies that 3.33 percent of the chips are defective. Thus, the manufacturer is making a false claim.
What is claim?A claim is a statement or assertion that something is the case, typically without providing evidence or proof. It is an assertion that something is true.
The computer chip manufacturer have a claim that no more than 2% of the chips it sends out are defective. To determine if the manufacturer's claim is true, the company has decided to test a sample of 300 chips. But it was found that 10 of these 300 chips are defective which results to 3.33% (10/300×100) to be defective. If the manufacturer's claim was true, only 6 chips (300× 2%) would be defective.
Therefore, the manufacturer's claim is false and rejected.
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In the context of regulatory focus theory, a prevention focus captures the motivation to _____.
The prevention focus in capturing motivation to be able to maintain the homeostasis in which is in context or in lined with the regulatory focus theory that is focused on the behavior of the consumers of who orient themselves through focus such as promotion of prevention.
How are issues such as customer theft and spoilage addressed at year-end?
How many years in college for you to do art, becoming a investigator, and vet?
To become a veterinarian, a total of eight years of college is typically required: a four-year undergraduate degree followed by a four-year veterinary medicine degree. Art or investigation careers may vary in educational requirements, ranging from two-year associate's degrees to four-year bachelor's degrees, with the exact timeline depending on the specific program and career objectives.
To become a veterinarian, you will need to complete a four-year undergraduate degree program, followed by a four-year degree in veterinary medicine. This advanced degree program will cover topics such as comparative zoology, animal anatomy and physiology, microbiology, and pathology. Additional courses may include chemistry, physics, and mathematics. College education duration varies by field and the level of certification required. For example, if you are interested in art or becoming an investigator, the time in college may differ. Usually, the pursuit of a college degree consists of either a two-year associate's degree or a four-year bachelor's degree. The exact timeline would be dependent on the specific program and career goals you set. Making use of college resources like curriculum maps, academic advisors, and planning technology can help you plan your college years effectively, whether they span two or four years. It is essential to use your college years to align your course choices with your envisioned career path, whether that be in arts, investigation, or veterinary medicine.
Firms that specialize in performing most or all of the logistical tasks which manufacturers or other channel members would normally perform themselves are often referred to as:
A company with a _____ orientation assumes that customers will resist purchasing nonessential goods and services and that the task of personal selling and advertising is to persuade them to buy
The term ______ describes a product produced as part of a project.
a. deliverable
b. scope
c. variance
d. work package
The concept of "continuous improvement" is an effective method of examining costs because ______ .
Annie, a member of an ongoing systems development project, is an information systems manager who reports to jake—head of the information systems department.
Your coworkers and your supervisor both deserve the same ______.
a. Gossip
b. Money
c. Respect
d. Responsibility