Answered A duplex generates $1,400 rent for each of its two units per month. The property has been recently appraised for $350,000. What is this property's GIM?

Answers

Answer 1
Answer:

Answer:

The options are

A.9.6

B.4.8

C.10.4

D.20.83

The gross income multiplier (GIM) is known as the ratio of sale price to the gross annual rental income and helps in determining the value of an investment.

GIM= Sale price/ Annual Rental income

Sale price =$350,000

Annual rent income for the two unit of duplex = 12*2*$1400

GIM = $350,000/(12*2*$1400) ≈ 10.4


Related Questions

Which statement best defines the term globalization?
Why was the outcome at the Battle of Saratoga important during the American Revolution?
Buddha is least evident in country of?
What are 3 advantages to the current primary election system?
Should we take down statues and monuments of the confederacy soldiers

Who counts the Electoral College vote?​

Answers

Answer:

president of the Senate

Explanation:

Answer:

The person that counts it is your State's House of Representatives or Senators. It also depends on population, the more populated your state is, then the more representatives your have, that is why it is important to do the United States Census.

Do you think the consequences of imperialism/colonialism are more positive or negative?

Answers

It had a negative impact

The Cultural Revolution ultimately failed because?

Answers

people began to seriously question communism

Answer:

c. the Chinese people began to question their faith in communism.

Explanation:

How did vertical integration help the carnegie steel business?a.) it reduced the costs along the supply chain, from mining to transportation to manufacturing

b.) it gave the company a monopoly on the industry because it eventually owned its competitors

c.) it assigned one worker to a job, which helped reduce wasted time and speed manufacturing

d.) it provided quick and easy access to transportation methods, such as canals, rivers, and railways

Answers

Answer:

a.) it reduced the costs along the supply chain, from mining to transportation to manufacturing

Explanation:

Vertical integration is a business strategy by a company which owns or has significant control over its suppliers in order to control the supply chain. This helps the company to reduce cost and improve efficiency.

Vertical integration helped the carnegie steel business by reducing the costs along the supply chain, from mining to transportation to manufacturing

Who were hunters and gathers

Answers

men and women (mainly men) who hunted to provide for themselves

How was the daily life of Greek elites similar to the lives of more ordinary people?

Answers

They have to work , and provide food,shelter,and basic needs for everyday life.