Reggie and Bebe own an apartment building in Portland, Oregon, with 8 identical units. They live in one and rent the remaining units. Their rental income for the year was $45,000. They incurred the following expenses for the entire building: Advertising for available units $ 850 Maintenance 9,000 Repairs 7,500 Utilities 12,000 Depreciation 8,000 What amount of net income should Reggie and Bebe report for the current year for this

$12,213

Explanation:

Calculation to determine What amount of net income should Reggie and Bebe report for the current year for this

NET INCOME

Rental Income $45,000

Advertising for available units $850

Maintenance $7,875

($9,000*7/8)

Repairs $6,562.5

($7,500*7/8)

Utilities$10,500

($12,000*7/8)

Depreciation$7,000

($8,000*7/8)

Net Rental Income $12,213

Therefore the amount of net income that should Reggie and Bebe should report for the current year is $12,213

what types of rivers

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20