Due before 11:55 pm Computer focused principles
vernic15
valmodovar_budgets.docxForecasted Statement of income
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AMOUNT |
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Income |
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New Condo |
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$ 25,000.00 |
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house 2 |
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$ 15,000.00 |
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condo |
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$ 20,000.00 |
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Reimbursements |
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$ 1,000.00 |
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gain on sale of assets |
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$ 20,000.00 |
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interest revenue |
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$ - |
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gross income |
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$ 81,000.00 |
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less: vacancy and credit losses |
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$ 2,000.00 |
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Net Operating Income |
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$ 79,000.00 |
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Expenses |
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Property Acquisition |
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$ 18,000.00 |
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Property Improvement |
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$ 7,000.00 |
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Utilities |
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$ 1,000.00 |
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Fees |
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$ 3,000.00 |
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Property taxes and Licenses |
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$ 10,000.00 |
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Insurance |
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$ 6,500.00 |
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Maintenance |
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$ 15,000.00 |
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Net operating expenses |
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$ 60,500.00 |
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Income before taxes |
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$ 18,500.00 |
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Taxes |
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$ 1,676.00 |
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Net Gain |
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$ 16,824.00 |
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