Gross Potential Rental Income: $375,000 per year Total Variable expenses: $50,000 per year Total Fixed Expenses: $60,000
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Question:
Total Variable expenses: $50,000 per year
Total Fixed Expenses: $60,000 per year
Total Reserves: $15,000 per year
Building size: 25,000 sq.ft
What is the operating leverage at 70% occupancy, excluding reserves?
What is the break-even point in square feet (rounded to the nearest square foot), excluding reserves?
Expert Answer:
Related Book For 
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
Posted Date:
