Given the Following Information, Calculate the Operating Expense Ratio for This

question 13

Multiple Choice

Given the following information, calculate the operating expense ratio for this property. Potential gross income: $120,000, Vacancy rate: 9%, Net operating income: $57,900, Operating expenses: $51,300.

• A) 34%
• B) 43%
• C) 47%
• D) 53%

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions between states, ensuring consistency and predictability in business dealings.

Good Faith

Acting with honesty and integrity in dealings without any intent to defraud or seek an unfair advantage.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, aiming to standardize and simplify the laws across states.

Conforming Goods

Products that meet the specifications and standards outlined in a contract for sale.