Given the Following Information, Calculate the Effective Gross Income Multiplier

question 2

Multiple Choice

Given the following information, calculate the effective gross income multiplier. Sale price: $950,000, Potential Gross Income: $250,000, Vacancy and Collection Losses: 15%, and Miscellaneous Income: $50,000.

• A) 0.36
• B) 0.30
• C) 2.8
• D) 3.6

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Definitions:

Coolest Cooler

A multifunctional cooler that gained fame on Kickstarter for its built-in blender, speaker, and other innovative features, notable for both its crowdfunding success and subsequent delivery challenges.

Kickstarter Campaign

A fundraising effort launched on the Kickstarter platform to gather financial support from the public for creative projects.

Delayed Production

A situation where the manufacturing process is slowed down or halted, causing a lag in the production schedule.

Patronage Model

A business or funding model where customers or supporters provide ongoing monetary support to a creator, artist, or service provider.