Question: A property sold for $ 2 , 5 8 2 , 0 2 8 , and the effective gross income was $ 2 6 6

A property sold for $2,582,028, and the effective gross income was $266,730 per year. The operating expenses were $129,165. What is the ratio of net income to sale price?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Case Study: Westgate Shopping Center Westgate Shopping Center is a 400,000 square foot neighborhood strip center. An investor is considering purchasing the property on August 1, 2010, hold if for...

Q:

please assist urgently: The following information was taken from the accounting records of Sea View Golf Club: SEA VIEW GOLF CLUB STATEMENT OF FINANCIAL POSITION AS AT 3 1 DECEMBER 2 0 2 1 2 0 2 1 R...

Q:

Star Ltd is a company that trades in shoes and bags. The following information has been provided ( the financial year runs from January to December ) : List of pre - adjustment balances as at 3 1...

Q:

Case Study: Westgate Shopping Center Westgate Shopping Center is a 400,000 square foot neighborhood strip center. An investor is considering purchasing the property on August 1, 2010, hold if for...

Q:

I received an answer from you. But Im not getting the answer. Will you please be more specific how to solve this problem?? Please Westgate Shopping Center is a 400,000 square foot neighborhood strip...

Q:

I need help to solve this. I dont have any additional information. Need real help to solve this. Please!! Case Study: Westgate Shopping Center Westgate Shopping Center is a 400,000 re fot...

Q:

Kyra, a single taxpayer, owns and operates a bakery ( as a sole proprietorship ) . The business is not a "specified services" business. In 2 0 2 3 , the business pays $ 6 0 , 0 0 0 of - 2 wages, has...

Q:

The paper Religiosity and Teen Birth Rate in the United States(Reproductive Health [ 2009]: 14 20) included data on teen birth rate and on a measure of conservative religious beliefs for 49 of the U....

Q:

4. Use the following stem 8: leaf diagram to answer the following questions: 1 3 7 7 8 9 9 2 1 3 4 8 8 9 9 3 2 3 3 3 4 4 5 6 7 8 4 2 3 3 4 5 5 6 5 1 2 5 8 6 0 3 7 8 0 1 9 3 StemszTens 10 5 Leafs:...

Q:

uestion 2 5.6 points Save A ABC, Inc. is considering a new project requiring a $210,000 initial investment in equipment having a useful life of 3 years with zero expected salvage value. The...

Q:

17. Determine the enthalpy change for the oxidation of ethanol to acetic acid, CH;CH,OH(() + 0:(g) CH;COOH(() + H,0(() given the thermochemical equations below. 1) 2 CH,CH,OH(() + O:(g) 2 CH,CHO() +...

Q:

Silicon carbide, SiC, has the three-dimensional structure shown in the figure. (a) Name another compound that has the same structure. (b) Would you expect the bonding in SiC to be predominantly...

Q:

Consider the following two mutually exclusive projects: YearCash Flow ( A ) Cash Flow ( B ) 0 $ 2 4 5 , 0 0 0 $ 5 3 , 0 0 0 1 3 4 , 0 0 0 3 1 , 9 0 0 2 4 9 , 0 0 0 2 1 , 8 0 0 3 5 1 , 0 0 0 1 7 , 3 0...

Q:

What is the output of the below code snippet? int a = 7, b = 8, c = 4; if(a =b) printf("%d", (a+b)); else printf("%d" (b-c)); O a. -1 O b. 15 O c. 5 O d. 4