Property Management
A Louisiana apartment complex has 50 units with average monthly rent of $900. The annual gross potential income is:
A$450,000
B$540,000✓ Correct
C$495,000
D$600,000
Explanation
Annual gross potential income = 50 units × $900/month × 12 months = $540,000. Using the values given ($900), apply the appropriate formula..
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