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:

Cerebral Cortical Association

Areas of the cerebral cortex involved in complex cognitive processes, integrating information from different sensory modalities.

Sympathetic System

A system of the autonomic division of the nervous system; its general effect is to mobilize energy, especially during stressful situations; prepares the body for a fight, flight, or freeze response. Compare with parasympathetic system.

Parasympathetic System

A division of the autonomic nervous system responsible for the body's rest and digest response, conserving energy and slowing the heart rate.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron to another target neuron, muscle cell, or gland cell.