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Alternative Investments Real Estate Investing. Operating expenses are defined as those expenses that are necessary to maintain revenue and an asset's profitability.

Related Articles. Fundamental Analysis Operating Cash Flow vs. Financial Statements Operating Income vs. Gross Profit.

Financial Statements Operating Profit vs. Net Income. Net Income: What's the Difference? Partner Links. Related Terms Earnings Before Interest and Taxes — EBIT Definition Earnings before interest and taxes is an indicator of a company's profitability and is calculated as revenue minus expenses, excluding taxes and interest.

Operating Income Defined Operating income looks at profit after deducting operating expenses such as wages, depreciation, and cost of goods sold.

What to do? Now I never like to call myself an expert on anything, but I have to admit that I do have a great deal of experience with all types of fish, not just koi; and a great deal of experience in the design, construction, and maintenance of ponds and filtration systems.

In my many years of experience and service in the pond industry I have had others call me an expert and a professional. The thing is I always thought I was building real koi ponds.

So now, what is a koi pond? This must be asked because it would seem according to the definition I was told, a koi pond has nothing to do with koi but really has to do with filters and design, and I just cannot agree with this.

Mike I sooo agree with you! We have built from scratch a bio filter, plumbed a pond or 3, layed tons and tons of rock built and rebuilt waterfalls, added a skimmer, layed rubber liner and fed , medicated, loved and scratched the chins and heads of our watery babies.

I have fought off predators that fly in , swoop down , creep across the rocks, come in with plants or other fish, and even the human kind who tried but failed to kill our pets.

I have grown plants along with my Koi, and sat for countless hours enjoying thier antics and feeling the love they give me right back for all the worry and care I give to them.

My garden and pond have been on tours and have been written up and appreciated by alot of other people. I am not saying it is a perfect pond.

I am not saying it is the most beautiful pond. I am not even saying I am doing half of everything I could the right way.

But I will say this …. And I would defy him to say that to me. Thanks for the feedback Jerry. Your pond s sound great!!

Thanks for painting a picture of how great a pond can be even without a bottom drain! I definitely define a koi pond by what type of fish you have, not what type of filter you have.

I think there are many ways to circulate a pond. The NOI metric does not include capital expenditures. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.

Related Terms Gross Income Multiplier The gross income multiplier is obtained by dividing the property's sale price by its gross annual rental income, and is used in valuing commercial real estates, such as shopping centers and apartment complexes.

How to Use the Income Approach to Value Real Estate The income approach is a real estate appraisal method that allows investors to estimate the value of a property based on the income it generates.

The operating expense ratio OER is defined as a measurement of the cost to operate a piece of property compared to the income brought in by the property.

Capitalization Rate Definition The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

Understanding Revenue Revenue is the income generated from normal business operations. Earnings Before Interest and Taxes — EBIT Definition Earnings before interest and taxes is an indicator of a company's profitability and is calculated as revenue minus expenses, excluding taxes and interest.

Partner Links. Related Articles. Fundamental Analysis Operating Cash Flow vs. Investopedia is part of the Dotdash publishing family.

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Net operating income is a valuation method used by real estate professionals to determine the precise value of their income-producing properties.

To calculate NOI, the property's operating expenses must be subtracted from the income a property produces. In addition to rental income, a property might also generate revenue from amenities such as parking structures, vending machines, and laundry facilities.

Operating expenses include the costs of running and maintaining the building, including insurance premiums, legal fees, utilities, property taxes , repair costs, and janitorial fees.

Capital expenditures, such as costs for a new air-conditioning system for the entire building, are not included in the calculation.

NOI is also used to calculate the net income multiplier, cash return on investment, and total return on investment. If the total is negative, where operating expenses are higher than revenues, the result is called a net operating loss NOL.

Creditors and commercial lenders heavily rely on NOI to determine the income generation potential of the property to be mortgaged, even more than they factor an investor's credit history into their decisions.

Simply put: this metric helps lenders fundamentally assess the initial value of the property, by forecasting its cash flows. On the other hand, if the property shows a net operating loss, lenders are likely to reject the borrower's mortgage application, outright.

Property owners can manipulate their operating expenses by deferring certain expenses while accelerating others.

NOI can also be increased by raising rents and other fees, while simultaneously decreasing reasonably necessary operating expenses. For related reading, see " NOI vs.

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Dopao Vam se tekst? Two of the biggest health concerns among koi breeders are the koi herpes virus KHV and rhabdovirus carpio, which causes spring viraemia of carp SVC.

No treatment is known for either disease. Some koi farms in Israel use the KV3 vaccine, developed by Prof.

Israel is currently the only country in the world to vaccinate koi against the KHV. The vaccine is injected into the fish when they are under one year old, and is accentuated by using an ultraviolet light.

In , spring viraemia struck an ornamental koi farm in Kernersville, North Carolina , and required complete depopulation of the ponds and a lengthy quarantine period.

For a while after this, some koi farmers in neighboring states stopped importing fish for fear of infecting their own stocks. When koi naturally breed on their own they tend to spawn in the spring and summer seasons.

The male will start following the female, swimming right behind her and nudging her. After the female koi releases her eggs they sink to the bottom of the pond and stay there.

A sticky outer shell around the egg helps keep it in place so it does not float around. Although the female can produce many spawns, many of the fry do not survive due to being eaten by others.

On average if the egg survives around 4—7 days the fry will be hatched from the egg. Like most fish, koi reproduce through spawning in which a female lays a vast number of eggs and one or more males fertilize them.

Nurturing the resulting offspring referred to as "fry" is a tricky and tedious job, usually done only by professionals.

Although a koi breeder may carefully select the parents they wish based on their desired characteristics, the resulting fry nonetheless exhibit a wide range of color and quality.

Koi produce thousands of offspring from a single spawning. However, unlike cattle, purebred dogs, or more relevantly, goldfish, the large majority of these offspring, even from the best champion-grade koi, are not acceptable as nishikigoi they have no interesting colors or may even be genetically defective.

These unacceptable offspring are culled at various stages of development based on the breeder's expert eye and closely guarded trade techniques.

Culled fry are usually destroyed or used as feeder fish mostly used for feeding arowana due to the belief that it will enhance its color , while older culls, within their first year between 3 and 6 inches long also called tosai , are often sold as lower-grade, pond-quality koi.

The semi-randomized result of the koi's reproductive process has both advantages and disadvantages for the breeder. While it requires diligent oversight to narrow down the favorable result that the breeder wants, it also makes possible the development of new varieties of koi within relatively few generations.

Koi have been accidentally or deliberately released into the wild in every continent except Antarctica. They quickly revert to the natural coloration of an Amur carp within a few generations.

In many areas, they are considered an invasive species and a pest. In the state of Queensland in Australia, they are considered noxious fish.

Koi greatly increase the turbidity of the water because they are constantly stirring up the substrate. This makes waterways unattractive, reduces the abundance of aquatic plants, and can render the water unsuitable for swimming or drinking, even by livestock.

In some countries, koi have caused so much damage to waterways that vast amounts of money and effort have been spent trying to eradicate them, largely unsuccessfully.

In many areas of North America, koi are introduced into the artificial "water hazards" and ponds on golf courses to keep water-borne insect larvae under control through predation.

The koi has important symbolic meaning in traditional Chinese culture and Japanese culture , relevant accounts can be seen in various ancient Chinese poetry and literature since Jin dynasty; while in Japan, it's closely associated with the country's national identity, often as a symbol of luck, prosperity, and good fortune.

In Sri Lanka , interior courtyards most often have one or several fish ponds dedicated to koi. From Wikipedia, the free encyclopedia.

Varieties of ornamental pondfish. This article is about the ornamental fish. For other uses, see Koi disambiguation. Conservation status.

Cyprinus rubrofuscus. Play media. This section's factual accuracy is disputed. Relevant discussion may be found on Talk:Koi. Please help to ensure that disputed statements are reliably sourced.

August Learn how and when to remove this template message. See also: Cyprinus rubrofuscus. Retrieved 28 July Archived from the original PDF on 24 July Retrieved 29 July Retrieved 6 April Ray Jordan.

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