An investor owns a 10 unit duplex complex containing 20 apartments. each apartment in the complex rents for $1500 per month. last year all the apartments were occupied for 6 months. one apartment was vacant for 5 months and two apartments were each vacant for one month. what was the occupancy rate for the property last year?

97%

Explanation:

We calculate occupancy as follows,

There are 20 apartments and each is available for 12 months a year.

Total occupancy at 100% will be when all 20 apartments are occupied for 12 months, giving us 240 total apartment occupations.

vacant apartments were as follows,

1 for 5 months = 5 occupations

2 for 1 month each = 2 occupations

(We equate as 1 apartment = 12 occupations)

Total occupancy = 240 - 5 - 2 = 233 occupations

Occupancy rate = 233/240 = 97%

Hope that helps.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know