Business, 12.03.2021 15:00 Xavitheking2542
Apartments is 800-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $220,040. When occupancy dips to 80%, monthly operating costs fall to $215,480. The owner of the apartment complex is worried because many of the apartment residents work at a nearby manufacturing plant that has just announced it will close in three months. The apartment owner fears that occupancy of her apartments will drop to 55% if residents lose their jobs and move away. Assuming the same relevant range.
Required:
a. What can the owner expect her operating costs to be if occupancy falls to 55%?
b. Use the high-low method to determine operating cost equation
y=$
x + $ =
Answers: 2
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Apartments is 800-unit apartment complex. When the apartments are 90% occupied, monthly operating...
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