Question 1193913: Good morning to our friendly on line Tutors, kindly requesting your help with home work below:
Four apartments in a small block of flats, each of these four apartments has a representative on the body corporate. The committee must calculate the share that each owner pays towards various expenses. They decide that the owners will pay a share that is in proportion to the floor area of their apartments. The floor areas are as follows: flat 1 & 2=90 meters squared, flat 3= 100 meters square, flat 4= 120 meters squared. There are monthly and annual expenses for these apartments. The body corporate will charge a levy to each of the owners to cover all of the expenses. Average monthly water bill is R340, average monthly refusal removal is R66, average monthly sewerage is R96, annual rates and taxes are R22300, annual maintenance is R12000.
1.1.calculate the total monthly expenses for the body corporate.
1.2.calculate the value of each owners monthly levy for the above mentioned expenses.
Answer by Theo(13342)   (Show Source):
You can put this solution on YOUR website! the square footage by apartment is:
apartment 1 = 90
apartment 2 = 90
apartment 3 = 100
apartment 4 = 120
the total monthly expenses are:
water bill = 340
refuse removal bill = 66
sewage bill = 96
annual rates and taxes per year converted to per month = 22300 / 12 = 1858.333333......
annual maintenance converted to monthly = 12000 / 12 = 1000.
the total monthly bill = the sum of all these = 3360.3333.....
apartment 1 share is 90/400 * that = 756.075
apartment 2 share is 90/400 * that = 756.075
apartment 3 share is 100/400 * that = 840.0833333....
apartment 4 share is 120/400 * that = 1008.1
let me know if you have any questions.
theo
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