Felice bought a duplex apartment at a cost of $235,000. Her mortgage payments on the property are $1,510 per month, $803 of which can be deducted from her income taxes. Her real estate taxes total $2,304 per year, and insurance costs $1,452 per year. She estimates that she will spend $1,446 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What monthly rent must she charge for each apartment to break even

Answers

Answer 1

Answer:

$1,032

Explanation:

Calculation to determine What monthly rent must she charge for each apartment to break even

First step is to calculate the Monthly costs using this formula

Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs

Let plug in the formula

Monthly costs=$1,510 + ($2,304 / 12) + ($1,452 / 12) + [2 ×($1,446 /12)]

Monthly costs= $1,510 + 192+ 121 + 241

Monthly costs= $2,064

Now let calculate the Break-even monthly rent per apartment

Using this formula

Break-even monthly rent per apartment = Monthly costs / 2

Let plug in the formula

Break-even monthly rent per apartment = $2,064 / 2

Break-even monthly rent per apartment = $1,032

Therefore What monthly rent must she charge for each apartment to break even will be $1,032


Related Questions

what is air conditioner and how does its work?​

Answers

Answer:

is a system used to cool down the temperature in an inside space by removing the existing heat and moisture from the room. ... Your air conditioner quickly converts gas into a liquid and back again using chemicals that remove the warm air from inside your home.

A company had the following purchases during its first year of operations: Purchases January: 10 units at $120 February: 20 units at $125 May: 15 units at $130 September: 12 units at $135 November: 10 units at $140 On December 31, there were 26 units remaining in ending inventory. Using the periodic FIFO inventory costing method, what is the cost of the ending inventory

Answers

Answer:

145

Explanation:

the price grows 5 dollars each month

4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?

Answers

Answer:

Explanation:

35% of $64,000 is $22,400

Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920

IM GONNA CRY MY EYES OUT PLEASE HELP ME Type the correct answer in the box. Spell the words correctly.
Debt Capital
$80,000
Income before interest and tax $50,000
Interest on debt capital 5%
Tax rate
40%
What is the net savings on the interest calculated after tax?
The after-tax cost of debt capital is
percent

Answers

Answer: 3%

Explanation:

Interest is tax deductible which means that companies are charged taxes only after they pay off the interest they owe on debt.

In order to calculate the after-tax cost of debt, use the following formula:

= Interest rate * ( 1 - tax rate)

= 5% * ( 1 - 40%)

= 3%

how does the financial system minimizes individual risk?

Answers

Answer:

To manage credit risk, the organization has to maintain credit exposure within the allowed bounds. One successful technique is via a risk assessment algorithm that evaluates how much a bank stands to lose on loan portfolio. Furthermore, loan choices are frequently dependent on the potential borrower's credit score and report.

Explanation:

Hope this helps!

Please mark me as Brainlinieast.


[tex]x(a - b) + (b - a)[/tex]

Answers

Explanation:

x(a-b)+(b-a)ax-bx+b+aax-a-bx+ba(x-1)-b(x-1)(x-1)(a-b)

yr answer...

As a manager, you want to praise a team member, Phil, for doing a good job on a particular project. However, you know he tends to be an introvert. Which communication method would Phil be most comfortable with

Answers

Praise phil in private

What will having the right skills do for you?​

Answers

Answer:

having the right skills will increase your knowledge and it will help you increase your chances of making your business and be the boss not the worker and you could help inspire people when you do have a business with your skills

Explanation:

Melting
Ice absorbed heat when heated. The particles obtain ???and vibrate???. The heat os use to overcome the ???? between the particles.

Freezing
Water released heat when cooled. Particles ???energy.and move slower. ​

Answers

Explanation:

energy

freely

molecular bond

give off

The Economist Intelligence Unit rankings of the world’s top education systems,

which combine international test results and data such as graduation rates,

showed that two contrasting economies topped the league table: Finland

and South Korea. The report concluded that while the amount of spending on

education is important, it is less influential than an economy having a culture

that is supportive of learning. Education in Finland is 100 per cent state funded

and is rather unorthodox given that students don’t start schooling until 7

and rarely have tests or homework until their teenage years. In South Korea,

education is crucial for success, so there are huge pressures placed on students, who start school aged 3. Testing is regular and rigorous, making after-school private tuition classes extremely popular. According to the report, the top 10 countries were ranked as follows:

 

1. Finland

2. South Korea

3. Hong Kong

4. Japan

5. Singapore

6. UK

7. Netherlands

8. New Zealand

9. Switzerland

10. Canada

 

a. Explain how scarce resources are allocated in a mixed economy. [4]

b. Discuss whether education should be funded by the government. [8]​

Answers

I confused on what the question is

A media buyer places an ad for a new range of wines in four different magazines. The first magazine provides roughly 3,600,000 exposures, the second magazine provides about 950,000 exposures, and the third and fourth provide 100,000 exposures each. The buyer now can inform the client at the winery of ___________ expected for the ad, that is, 4,750,000 exposures.

Answers

Answer:

Gross impressions

Explanation:

It sum up the total number of the audience (impressions) that the new range of wines reaches.

A $20 bill features which of the following on the reverse?

Answers

Answer:

The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson, the seventh U.S. president (1829–1837), has been featured on the obverse of the bill since 1928; the White House is featured on the reverse.

hope this helps

have a good day :)

Explanation:

A person has $120 to spend on two goods (x and y) whose respective prices are $3 and $5 per unit. (a) Draw the budget line showing all the different combinations of the two goods that can be bought with the given budget. (b) What happens to the budget line if the budget (money available to spend) falls by 25%. (c) What happens to the budget line if the price of good x doubles? (d) What happens to the budget line if the price of good y falls to $4?

Answers

Answer:

Price of good x is $3

Price of good y is $4

strategic management process, there's should also be a ________ when it comes to business * 1 point

Answers

Answer:

mission

Explanation:

The strategy of an organization are the plans that the organization run to increase their productivity and run a good business in the future. Strategic management is what the managers and the employees do develop and organize the strategies of the company.

The organization should also have a mission for which all the employees should strive to work and achieve it.  Mission is purpose of the existence of the organization. There should always be a mission when it comes to business.  

Your high school transcript will include each of these items EXCEPT...


The name of your school

Your GPA calculated with all of the courses you’ve taken so far

A list of your test and quiz grades in each course

The courses you’ve taken and when you took them

Answers

Answer:

a list of your test and quiz grades in each course

Explanation:

a list of your test and quiz grades in each course

I think a List of your test and quiz grades in each course
Hope that helped

A _____ consists of several companies acting together in a highly organized and efficient manner, while employing the same or similar techniques as a single vertically integrated company.

Answers

Answer:

A [ supply chain ] consists of several companies acting together in a highly organized and efficient manner, while employing the same or similar techniques as a single vertically integrated company.

Ronald Coase's ideas on property rights have helped economists and policymakers better understand environmental problems. Identify the true statement regarding Coase and property rights

Answers

Coase argued that the assignment of property rights to someone is essential.

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance

Answers

Answer:

-4670 Favorable

Explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable

Penny bought a juice squeezer for $10. She can make a bottle of orange juice for a cost of $0.75, and she sells her orange juice for $1.85 per bottle. Which of the following graphs best illustrates Penny’s situation? I.A graph has bottles on the x-axis and cost (dollars) on the y-axis. The cost line goes through (0, 10) and (3, 12.5) and the revenue line goes through (0, 0) and (4, 7.5). The cost and revenue lines intersect around (9, 17.5). II.A graph has bottles on the x-axis and cost (dollars) on the y-axis. The cost line goes through (0, 10) and (3, 12.5) and the revenue line goes through (0, 10) and (4, 17.5). The cost and revenue lines intersect around (0, 10). III.A graph has bottles on the x-axis and cost (dollars) on the y-axis. The cost line goes through (0, 10) and (13, 9) and the revenue line goes through (0, 0) and (4, 7.5). The cost and revenue lines intersect around (5, 9.5). IV.A graph has bottles on the x-axis and cost (dollars) on the y-axis. The cost line goes through (0, 10) and (8, 25) and the revenue line goes through (0, 0) and (10, 7.5). a. I b. II c. III d. IV
The answer is A! F ree points!

Answers

Answer:

A

Explanation:

good luck!!

Answer:

A

Explanation:

What is everyone planning to do this summer?

Answers

Answer:

read, relax, try to sleep in as long as I want, work out, and eat lol

have a good day :)

Explanation:

A baked goods company asked focus group participants to first privately taste and rate the flavor of the pastry on a number of characteristics and then discuss their reactions with other focus group participants. This is an example of: Conducting product testing simultaneously. Conducting primary and secondary research concurrently. Conducting quantitative and qualitative research simultaneously. Conducting market tests and taste tests concurrently.

Answers

Answer:

Conducting quantitative and qualitative research simultaneously.

Explanation:

Qualitative research is used to obtain the opinions of a target group about a particular subject mostly by use of open ended questions to gain information on non numerical data. It can be used to gather experiences or insights on an area of interest.

In this case the group participants are tasting the pastries and discussing their reactions. This is qualitative research.

Quantitative reseat on the other hand has to do with with numerical data and statistics.

In this case where the flavour of pastries are being rated it is quantitative research.

For example a rating of 9/10 can be given to a party flavour

any five differences between partnership
and Joint Stock company​

Answers

Partnership firms has no separate legal existence. Partnership Firm and partners are the same. Joint Stock company has separate legal existence. It is an artificial person created by law.

here's your answer..

One strength of the team leadership model is ______. a. its complexity b. its application to real-life organizations c. changes in leaders disrupt the team process d. it provides specific answers to specific problems

Answers

Answer:

B. its application to real-life organizations

Explanation:

The answer to this is most likely B because the strength of the team leadership model is application to real-life organizations.

Increases in productivity are difficult to achieve if Open Hint for Question 15 in a new window. the task is more physical and tangible. the task is more good-producing and standardized. the task is more quantitative and repetitive. the task is more intellectual and personal.

Answers

Answer:

the task is more intellectual and personal.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

In Economics, there are four (4) main factors of production and these are;

I. Land.

II. Labor (working).

III. Capital resources.

IV. Entrepreneurship.

When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

Generally, the level of productivity of a business firm or an organization would increase when the inputs such as capital, raw materials, labour, etc., decreases while output such as finished products remain the same.

However, it would be quite difficult for a business firm or an organization to experience increases in its level of productivity (output) if the task required to be executed is more personal and requires the use of intellect, knowledge and skills.

If licensee A representing a party cannot attend a closing and the employing broker B sends another licensee C in his place, which party or parties is responsible for the accuracy of the closing statement?

Answers

Answer:

B sends another licensee

Hope this answer helps you :)

Have a great day

Mark brainliest

As aggregate output rises, the demand for money ________ and the interest rate ________, so that money demanded equals money supplied and the money market is in equilibrium. increases; falls decreases; falls increases; rises decreases; rises

Answers

It’s increases;rises

All of these careers may require you be good with numbers.
A.
True
B.
False

Answers

Answer:

A LOT of careers need math to operate them

Explanation:

Hope this helps

The answer is A I hope it’s right

Which is the most liquid asset?
A) jewelry
B) change jar
C) car
D) lake house

Answers

A liquid asset is something you own that can quickly and simply be converted into cash while retaining its market value. Some examples of assets that would be considered liquid are: Cash, checking or savings accounts. So i’m guessing the answer is B) change jar.

1. The main characteristic of a full-service advertising agency is that it A. does not limit its services to promotion. B. does not provide services to individuals. C. specializes in providing creative services. D. specializes in buying media time and space.

Answers

Answer:

A.

Explanation:

Full-service advertising agency is an agency that is meant to handle all aspects of business, that is, advertising, marketing, and promotion. The other services that a full-service advertising agency provides are strategic planning, content marketing, SEO, production, creativity, social media marketing, etc.

The characteristic of a full-service advertising agency listed in the given options is that it is not limited to promotional activities only. As the name suggests, it offers full-fledged marketing service.

Therefore, option A is correct.

What is the first step in deriving depreciation using the abstraction method? Gather data for all recently sold comparables for the purpose of estimating their reproduction costs. Gather data for all comparables to establish the historic high price paid for similar properties. Gather data on comparable neighborhoods for the purpose of estimating resale value. Gather data on comparable listings that have not sold in the same neighborhood.

Answers

Answer:

Gather data for all recently sold comparables for the purpose of estimating their reproduction costs.

Explanation:

Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

An abstraction method involves subtracting the value that is required to substitute or replace improvements based on the market's depreciation. Thus, it requires the use of comparable sales to estimate the value of a particular property by subtracting its value from the total sales price of the property.

Hence, the first step in deriving depreciation using the abstraction method is to gather data for all recently sold comparables for the purpose of estimating their reproduction costs.

Additionally, the Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.

In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.

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