Given the Following Information, Calculate the Effective Gross Income

question 9

Multiple Choice

Given the following information, calculate the effective gross income. Property: 4 office units, Contract rents per unit: $2500 per month, Vacancy and collection losses: 15%, Operating Expenses: $42,000, Capital Expenditures: 10%

• A) $100,000
• B) $102,000
• C) $120,000
• D) $135,000

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Definitions:

Sociohistorical Context

The combination of social, historical, and cultural factors at a specific time that influences the environment in which an individual or society exists.

Intelligence Theories

Various frameworks and hypotheses developed to explain the nature, origins, and practical implications of human intelligence.

Investigation of Intelligence

The systematic study of varying levels of intellect and cognitive ability among individuals, often involving the evaluation of problem-solving skills and understanding.

Assessment of Intelligence

A process or method used to measure a person’s mental abilities and compare them with others using numerical scores.