Given the Following Information, Calculate the Total Amount of Annual

question 3

Multiple Choice

Given the following information, calculate the total amount of annual operating expenses for this income-producing property. Minor Roof Repairs: $20,000, Property taxes: $30,000, Maintenance: $25,000, Janitorial: $15,000, Security: $10,000, Debt service: $175,000.

• A) $70,000
• B) $100,000
• C) $80,000
• D) $275,000

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Definitions:

Reasonable Person

A standard of care used to measure acts of negligence.

Duty of Care

A legal obligation which requires a person to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.

Foreseen

Anticipated or predicted as likely to happen in the future.

Rattlesnake

A venomous snake known for the distinctive rattle at the end of its tail, which it shakes as a warning signal to potential predators or threats.