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A 1,500 Square Foot Office Space Is Leased at $12

Question 36

Multiple Choice

A 1,500 square foot office space is leased at $12.00 square foot.The space is vacant one month out of the year.Office expenses are $6.50 per square foot and an expense stop is set at $6.00 per square foot.What is the annual net operating income?


A) $7,500
B) $6,750
C) $15,750
D) $8,250

Correct Answer:

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