Theo is a buyer who's contemplating a land contract. why might he choose this route over traditional financing
Answers
He choose this route over traditional financing because of Credit Issues, Flexible terms,Quick Closing,Investment purposes,Creative financing.
A land contract, also known as a contract for deed, is an alternative form of financing where the buyer makes payments to the seller over time, rather than obtaining a traditional mortgage loan from a bank or other financial institution. There are several reasons why Theo might choose this route over traditional financing:
Credit Issues: If Theo has poor credit or a limited credit history, he may not be able to qualify for a traditional mortgage. In this case, a land contract may be a viable option as the seller is more interested in the buyer's ability to make payments rather than their credit score.
Flexible terms: A land contract can often have more flexible terms than a traditional mortgage, such as a lower down payment or a longer repayment period. This can make it easier for Theo to afford the property.
Quick Closing: Since there is no involvement of a third-party lender in a land contract, the process can be faster than traditional financing, allowing Theo to close the deal quicker.
Investment purposes: In some cases, investors may choose a land contract to acquire a property for investment purposes. This can be a good option for investors who do not want to tie up their cash in a down payment and want to avoid the closing costs associated with a traditional mortgage.
Creative financing: In some cases, a land contract can allow for creative financing arrangements between the buyer and seller, such as a lease-to-own agreement or seller financing.
It's important to note that there are potential risks associated with land contracts, such as the seller retaining legal ownership of the property until the final payment is made. It's crucial for Theo to carefully review and understand the terms of the contract before entering into an agreement.
Click the below link, to learn more about traditional financing:
https://brainly.com/question/30368525
#SPJ11
Related Questions
Nivea works for Bonbon, a fair-trade chocolate company based in California. In addition to being recognized for the delicious, low fat treats the company manufactures, Bonbon is also known for fair labor practices at its factories. When interviewed, 83% of the company's loyal customers said when they couldn't find Bonbon products for purchase in local stores, they ordered them online rather than buy substitute products.
Which type of brand loyalty is illustrated here?
Select one:
a. brand preference
b. brand competition
c. brand insistence
d. brand recognition
e. brand name
Answers
Answer:
c. brand insistence
Explanation:
Since in the given situation it is mentioned that the 83% of the loyal customers could not find the bonbon products at local stores so they will ordered online instead of purchasing the substitute goods as in the brand insistence refer the stage of the brand loyalty where the purchase would accept no alternatives and they will search for the particular brand only
A transaction will only happen if and only if the price is between:
The buyer’s value and the buyer’s outside option
The buyer’s value and the seller’s outside option
The buyer’s value and the seller’s cost of production
The buyer’s outside option and the seller’s outside option
The buyer’s outside option and the seller’s cost of production
Answers
A transaction will only happen if and only if the price is between the buyer's value and the seller's outside option.
Let's break down the options to understand why this is the correct answer:
- Option 1: The buyer's value and the buyer's outside option. This option doesn't make sense because the buyer's outside option is not directly related to the transaction. The buyer's outside option refers to an alternative choice the buyer has if the transaction doesn't occur, and it is not directly involved in determining the price of the transaction.
- Option 2: The buyer's value and the seller's outside option. This is the correct answer. The buyer's value represents the maximum amount the buyer is willing to pay for the item or service. The seller's outside option refers to an alternative choice the seller has if the transaction doesn't occur. For a transaction to happen, the price needs to fall between the buyer's value and the seller's outside option. This ensures that both the buyer and seller find the transaction mutually beneficial.
- Option 3: The buyer's value and the seller's cost of production. This option doesn't capture the buyer's perspective accurately. The buyer's value is the maximum price the buyer is willing to pay, whereas the seller's cost of production is the cost incurred by the seller to produce the item or service. The transaction price is determined by the buyer's value, not the seller's cost of production.
- Option 4: The buyer's outside option and the seller's outside option. The buyer's outside option is not directly involved in determining the price of the transaction. It refers to an alternative choice the buyer has if the transaction doesn't occur. The seller's outside option also refers to an alternative choice the seller has if the transaction doesn't occur. However, the price of the transaction is determined by the buyer's value and the seller's outside option, not the outside options of both parties.
- Option 5: The buyer's outside option and the seller's cost of production. The buyer's outside option is not directly involved in determining the price of the transaction. The seller's cost of production refers to the cost incurred by the seller to produce the item or service. The transaction price is determined by the buyer's value, not the seller's cost of production.
Therefore, the correct answer is: The transaction will only happen if and only if the price is between the buyer's value and the seller's outside option.
Learn more about Price https://brainly.com/question/19104371
#SPJ11
Khalil is a network engineer for a bank with branches all over the world. Why would Khalil’s position be very important to his company?
FASTTT
Answers
Answer:
Their role is important because they plan, construct, and manage networks to ensure they're optimized and functioning as intended. They're responsible for the foundation of an organization's IT system.
Explanation:
Answer:
Khalil’s position is indeed very important at his job. First of all, his job consists of working with computers, servers, network devices and other devices that are connected to one another. Devices that are connected to each other allow data to be shared, at Khalil’s job this is very important because the bank that he works for has branches all over the world and it is a key for the company to have good communication between all of the banks. Careers like Khalil’s are extremely important in our society today because of the fact that most of the communication in today’s jobs and schools is done virtually. Without network engineers our society would not function as is does now.
What should be included in your retirement plan?
A the amount of social security you expect to earn
B the amount of money you have in other accounts
C pension amounts from your former employers D all of the above
Answers
Answer:
A
Explanation:
because when you have social security then you are able to secure your money or pension
Answer:
A
Explanation:
because when security are around your money will safe
Your merchant fee is 2%. Your
customers paid you $120,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]
Answers
A fee of $2,400 must be paid to the credit card company. A credit card is intended to be a kind of plastic money that allows you to buy goods on credit and later repay them at a certain rate of interest.
To avoid overspending, please note that if your credit card debt remains outstanding at the end of your credit limit, interest will be charged on the remaining balance.
When a consumer uses a credit or debit card to purchase goods or services from a business, the merchant's bank balance must pay transaction fees known as merchant fees.
The calculation of the merchant fee is
Merchant fee is 2% of $120,000
=2/100 x $120,000
= 0.02 x $120,000
= $2,400
Therefore, the amount paid in fees is $2,400.
Learn more about credit cards, here:
https://brainly.com/question/27350251
#SPJ4
What is Anderson hoping to do as a next step and why
Answers
Answer:
To make the game into an app
Explanation:
Interestingly, William Anderson was passionate about what he was doing; this passion led Anderson to think about making his Wealth Effect Game an app.
Why? Because he realized that most people lacked basic financial skills and his goal was to to make an app that would allow teachers throughout the country teach their students financial literacy effectively.
As of June 28, 2020, Cedar Fair had issued $201.5 million in season passes. Cedar Fair estimated that guests would use passes worth
$41.9 million during the remainder of 2020, $61.9 million from January 1 to June 30, 2021, and the remaining $97.7 million after June
30, 2021. What amounts should Cedar Fair classify as current versus noncurrent, in its balance sheet on June 28, 2020?
Answers
Based on Cedar Fair issuance of season passes,$103.80 million would be classified under current whereas $97.7 million is non-current
What does current classification indicates in the balance sheet?
The current classification in the balance sheet refers to assets that would be used up in up to a year or liabilities that would be settled within a year, any other item whose usage or settlement date is beyond 1 year is classified as non-current asset or liability.
In this case, Cedar Fair would classify the the amount of season passes usable within a year under the current liability and the remainder value of season passes that would be used after after June 30, 2021 as non-current liability.
current liability=$41.9 million+ $61.9 million=$103.80 million
non-current liability=$97.7 million
Find out more about current liability on:brainly.com/question/28346888
#SPJ1
Buyer Ralph didn't like the results of an inspection report. He requested to cancel his contract and demanded his earnest money back. Seller Heather denied his request noting that he was one day past the time that was allotted to cancel the contract. Buyer Ralph claimed Seller Heather was miscounting the dates and both demanded that Broker Smith return the money to each of them. Broker Smith waited 15 days, hoping the situation would resolve, before notifying the FREC of the conflicting demands. How long does Broker Smith have left to implement a settlement procedure
Answers
The number of days that the Broker Smith has to implement a settlement procedure is 15 days.
What is a settlement procedure?In the real estate business, the process of settlement has to do with the process of transfer of real estate from the one who is selling to the one buying.
The number of days that the broker has waited is 15 days. This is also the number of days that it would take to implement it.
Read more on brokerage here:
https://brainly.com/question/15727869
#SPJ4
Mark this question Vern uses a perpetual inventory method at his store. This means that purchases are debited to his merchandise inventory.
Which of the following is credited to his merchandise inventory?
Cost of goods sold
Purchase returns
Owner’s equity
Net sales
Answers
In the perpetual inventory method, purchases are indeed debited to the merchandise inventory account. The correct answer to the question is "Cost of goods sold."
Cost of goods sold (COGS) represents the cost of the goods that were sold during a specific period. In the perpetual inventory system, the merchandise inventory account is debited when purchases are made, and it is credited when goods are sold. The credit to the merchandise inventory account is equal to the cost of goods sold.
When goods are sold, their cost is transferred from the merchandise inventory account to the cost of goods sold account. This transfer is recorded as a credit to the merchandise inventory account and a debit to the cost of goods sold account. This process ensures that the inventory balance is reduced, reflecting the items that have been sold, and the cost associated with those items is recognized as an expense in the cost of goods sold.
Therefore, in Vern's perpetual inventory method, the cost of goods sold is credited to his merchandise inventory account.
Learn more about perpetual inventory here: https://brainly.com/question/32670221
#SPJ11
In a perpetual inventory method, the cost of goods sold is credited to the merchandise inventory.
Perpetual inventory method is a system where the inventory balance is continuously updated in real-time as purchases and sales occur. In this method, the cost of goods sold represents the cost of the inventory that has been sold during a given period. To record the cost of goods sold, a credit entry is made to the merchandise inventory account, reducing its balance.
The purchase returns, owner's equity, and net sales are not credited to the merchandise inventory account in a perpetual inventory system. Purchase returns are recorded separately as a deduction from purchases when goods are returned to the supplier. Owner's equity represents the owner's interest in the business and is not directly related to the merchandise inventory account. Net sales, on the other hand, represents the total sales revenue after deducting sales returns, allowances, and discounts, and is not directly linked to the merchandise inventory account.
Learn more about perpetual inventory method,
https://brainly.com/question/32239537
#SPJ11
Technician A says that employers must inform their employees about any hazardous chemicals used in the work place by using Safety Data Sheets. Technician B says that the work place Hazardous Materials Information Systems is the Canadian version of the Safety Data Sheets. Which technician is correct?
Answers
Answer:
Techican B
Explanation:
why killed 2 pac and how old was he he when he died
Answers
Answer:
Explanation:
2pac was 25 years when he died i think it was suge knight
plz marke me as brainlist
What are good investments for 401k?
Answers
For many Americans, contributing to a 401(k) is a crucial element of saving money for retirement. Since you typically won't access your 401(k) money until you turn 5912.
These employer-sponsored retirement accounts have years, and even decades, to increase in value. Stocks and mutual funds are only a couple of the numerous investing options available to you. Some people choose risky investment strategies in the hopes of earning larger returns because they have a higher risk tolerance. Others favour a more cautious strategy that reduces the danger to their 401(k) value. Investments include risk, but some 401(k) options are more stable than others over time. An example of a pooled investment vehicle for debt securities is bond funds. Bond funds frequently concentrate on a specific category of bonds, such government bonds. While some bond funds have a broad objective, others have a more specialized one.
Depending on the sort of bond fund you select, risk levels will vary, but bond mutual funds are typically viewed as a more conservative option than stock mutual funds.
To learn more about saving money please click on below link
https://brainly.com/question/25192498
#SPJ4
The theory of _____ in which countries specialize in goods that have a lower opportunity cost, is citied by supporters of free trade
Answers
Answer:
comparative advantage
Whom do price supports benefit and whom do
they hurt?
Answers
in preparing its cash flow statement for the current year ended december 31, reve co. collected the following data: gain on sale of equipment $(6,000) proceeds from sale of equipment 10,000 purchase of a.s., inc. bonds (par value $200,000) (180,000) amortization of bond discount 2,000 dividends declared (45,000) dividends paid (38,000) proceeds from sale of treasury stock (carrying amount $65,000) 75,000in its current year december 31 statement of cash flows, what amount should reve report as net cash used in investing activities?
Answers
According to the question In preparing its cash flow statement for the current year ended December 31, Reve Co. should report net cash used in investing activities of $168,000.
This is calculated by subtracting the proceeds from the sale of equipment of $10,000 from the purchase of A.S., Inc. bonds of $(180,000), and adding the amortization of the bond discount of $2,000. The gain on the sale of equipment of $(6,000) and proceeds from the sale of treasury stock of $75,000 are not included in the calculation of net cash used in investing activities, as they are part of the financing activities section of the statement. The dividends declared and paid are also not included in the investing activities section, as they are part of the operating activities section of the statement. It is important for Reve Co. to accurately report its cash flow from investing activities to help investors and creditors understand how the company is investing its resources.
In preparing its cash flow statement for the current year ended December 31, Reve Co. should report the net cash used in investing activities as follows:
1. Consider the proceeds from the sale of equipment: +$10,000
2. Subtract the purchase of A.S., Inc. bonds (par value $200,000): -$180,000
The gain on the sale of equipment, amortization of bond discount, dividends declared, dividends paid, and proceeds from the sale of treasury stock are not considered in the calculation of net cash used in investing activities. They belong to other sections of the cash flow statement (operating and financing activities).
To calculate the net cash used in investing activities:
$10,000 (proceeds from the sale of equipment) - $180,000 (purchase of A.S., Inc. bonds) = -$170,000
Reve Co. should report net cash used in investing activities of $170,000.
To know more about amortization visit :
https://brainly.com/question/29643279
#SPJ11
Businesses are usually interested in promoting growth because it:
A. expands the frontier on their production possibilities curves.
B. weakens productivity for competing businesses.
C. reduces their need to pay a large staff of employees.
D. creates additional marketing value without extra investment.
Answers
Answer: A - expands the frontier on their production possibilities curves
Explanation:
It was correct when checked
Businesses are usually interested in promoting growth because it expands the frontier on their production possibilities curve. Hence, option A holds true regarding business growth.
What is business growth?An expansion in the scope of business, which gives business an opportunity to improve the productivity and increase the sales exponentially, ultimately leading to increased profitability, is known as business growth.
Increased productivity at a constant rate enables a business to assume expanding its production capacities on the production possibilities curve, which can be determined through graphical representation.
Hence, option A holds true regarding the business growth.
Learn more about business growth here:
https://brainly.com/question/1384274
#SPJ2
the allocation of the cost of a tangible asset over its service life is referred to as:
Answers
Depreciation is an accounting method for systematically allocating the cost of a tangible asset over its useful life. There are many standard methods, which an entity can adopt.
The systematic allocation spreads the cost over the service life of the tangible asset. Depreciation also matches the cost with the asset's annual revenue.
In financial accounting, the yearly depreciation charges are expenses deducted from the Income Statement. These annual expenses are accumulated in a contra account called the Accumulated Depreciation Account so that the asset's cost remains in the records until its disposal.
Thus, the systematic allocation of the cost of an asset over its useful life is known as depreciation.
Read more: https://brainly.com/question/10456007
In a free market system, the concept of consumer sovereignty means that.
Answers
The concept of sovereignty in a free market system means that consumers have the power to decide through their actions which goods and products will be produced.
Free market systemIt corresponds to the independent and decentralized economic system where exchanges and negotiations between individuals and companies take place without government interference.
Therefore, in a free market system, it is impacted by the law of supply and demand, where the consumer regulates decisions through his actions.
Find out more information about free market here:
https://brainly.com/question/4138396
Sienna wants to reconcile her bank account to check how much money she has to spend.
What does she need to do to adjust the balance in her bank statement?
While adjusting her bank statement balance, Sienna should first add 1.) ________
and then deduct 2.) _________.
1.)
- deposits in transit
- NSF fees
- bank service charges
2.)
- bank errors
- outstanding checks issued
- interest earned
Answers
1. NSF fees and service charges would be money taking out of her account. She wants to add what is being put into her account so she should add deposits in transit.
The answer is Deposits in transit.
2. Deductions is money being taken out, so she would deduct outstanding checks issued.
Answer: outstanding checks issued.
Which is a first step to deter thieves from accessing your financial information?.
Answers
The first step to deter thieves from accessing your financial information is to never send personal information over email or telephone.
Maintaining the security of your personal information is crucial if you want to avoid identity theft. Your financial accounts, medical information, credit score and other crucial personal documents can all be accessed using this information. Hence, it is necessary to safeguard your personal information.
Email is undoubtedly a practical method of communication, but it is in no way safe and should not be used to transmit critical data. However, the majority of email users are unaware of these risks. Passwords, credit card information and important documents are all too frequently shared among email users. It is important to note that email accounts are one of the most popular targets for hackers. And it doesn't take much for a hacker to trick an unwary and unskilled user into a phishing assault, which allows them immediate access to their whole email. This is why it's crucial to refrain from sending private messages over email or even telephones.
To know about identity theft visit:
https://brainly.com/question/1531239
#SPJ4
Allowing third-party sellers to list their products on Amazon is controversial. Why would Amazon allow products sold by others to appear on its site?
a. Selection attracts consumers.
b. A network effect competitive advantage is created where more buyers attract more sellers, giving Amazon an advantage over any rival attempting to create a similar marketplace.
c. Although products are sold by third parties, Amazon gains valuable data on things such as customer browsing habits and sales.
d. Amazon's brand is reinforced as a first-choice shopping destination.
e. All of the above.
Answers
Answer:
e. All of the above.
Explanation:
Interestingly, all the above-listed options could serve as a possible reason why Amazon allows products sold by others to appear on its site.
Remember, Amazon is a marketplace; since the definition of a market involves dealings with several entities, it thus logical to expect Amazon to allow people (other sellers) to transact on its platform.
When businesses are waiting for a customer to pay them for
merchandise they bought on credit, the money owed to the business is
part of the business's? *
Answers
What are some of the primary reasons that logistics costs in the U.S. dropped dramatically from the 1980s to the mid 1990s
Answers
Some primary reasons behind the drop in logistics costs from the 1980s includes an Improved information systems and information technology.
What is meant by logistics costs?A Logistics costs refers to the total expenditures undertaken to make a good available in the market.
Hence, the primary reasons behind the drop in logistics costs from the 1980s includes an Improved information systems and information technology.
Therefore, the Option A and B is correct.
Read more about logistics costs
brainly.com/question/14697297
The largest percentage of banksʹ holdings of securities consist of A) Treasury and government agency securities.
B) tax-exempt municipal securities. C) state and local government securities. D) corporate securities.
Answers
Banks often hold a significant percentage of their securities in the form of Treasury and government agency securities.
These securities, issued by the U.S. government and its agencies, are considered highly secure and low-risk investments. Banks prioritize these holdings because they provide a stable source of income and are easily traded in the financial markets, offering liquidity when needed. Moreover, Treasury and government agency securities are subject to strict regulations and oversight, making them attractive to banks as they aim to meet regulatory requirements and maintain a strong capital base. Overall, the perceived safety, liquidity, and regulatory advantages associated with these securities make them a preferred choice for banks' holdings.
Learn more about securities here:
https://brainly.com/question/8293680
#SPJ11
what are the most important factors in applicant attraction and job choice?
Answers
The factors that are typically considered important in applicant attraction and job choice can vary depending on individual preferences and circumstances. However, some common factors that often influence these decisions include:
Compensation and Benefits: Salary, bonuses, healthcare coverage, retirement plans, and other financial incentives can play a significant role in attracting applicants and influencing job choices.
Job Security: The stability and security of a position, including factors like long-term prospects, industry stability, and company reputation, can be important considerations for job seekers.
Work-Life Balance: The ability to maintain a healthy balance between work and personal life is highly valued by many individuals. Factors such as flexible working hours, telecommuting options, and paid time off can contribute to a positive work-life balance.
Career Development Opportunities: Prospective employees often look for opportunities to grow and advance in their careers. Factors such as training programs, mentoring, promotion prospects, and ongoing professional development can make a position more attractive.
Company Culture and Values: The organizational culture and values of a company can greatly impact an applicant's decision. Individuals often seek workplaces that align with their personal values and provide a positive work environment.
Job Satisfaction: Factors related to job content, meaningful work, job autonomy, and opportunities for challenging and engaging tasks can significantly impact job satisfaction and, consequently, job choice.
To know more about factors in applicant attraction, click here:-
https://brainly.com/question/31404246
#SPJ11
"Malika wants to study the effect of rising textbook prices on the number of books students purchase. In planning her study, she realizes there are other variables besides price that can affect this decision. To help build her model, she can:"
Answers
Answer:
Use the ceteris paribus assumption
Explanation:
By using the ceteris paribus assumption she can assume all other conditions are equal and that the number of books purchased by students and the price of the books are the only variables in the study
With the Latin phrase, ceteris paribus, meaning all other things are the same or other things considered as being equal or remain constant, it is possible to determine causation of an event by focusing on the effect of a one of the several independent variables on the dependent variable.
I NEED HELP ;((((((
please someone
Answers
Paris 21 co. Sold land to its 100% owned owned subsidiary. If the land is sold for a gain, from the consolidated view, when does paris 21 co recognize the gain? g
Answers
To calculate the income statement NCI, multiply the subsidiary's net income by the NCI percentage.
Example: If an organization owns 70% of his subsidiary, a minority partner owns 30% of him, and the subsidiary has a net income of $1 million. Non-controlling interest is calculated as $1 million x 30% = $300,000. A non-controlling interest (NCI) is an ownership interest of less than 50% in a company that gives investors little control over how the company operates due to the equity interest they hold. The voting percentage is used to determine if an investor has her NCI. Consolidated financial statements are prepared by each parent company that owns one or more subsidiaries.
Learn more about financial here-
https://brainly.com/question/1537763
#SPJ4
Al has run a pizza shop for ten years and decided six months ago to change his marketing tactic. Instead of marketing the same to all customers, al has targeted those customers who like deep-dish pizza and those who like thin pizza. This is an example of _______.
Answers
Al pizza shop format is an example of market segmentation.
What is market segmentation ?The word market segmentation is known to be the act or the process where there is the sharing or division of broad consumer or business market.
Here, it is known to be made up of pre-existing and potential customers, which are shared into sub-groups of consumers regarded as segments and they are also based on some kind of shared characteristics.
learn more about market segmentation from
https://brainly.com/question/5545577
What ethical dilemmas do you think professionals in the marketing and advertising industry face? Explain.
Answers
Answer:
knowing how to play on emotions but also not make people feel like terrible human beings?
Explanation: