John is selling his property for $225,000. He has a loan balance of $50,000. He has agreed to provide financing to the purchasers in the amount of $200,000 and will continue to make payments on the original loan. This type of loan is called a

Hawley's inventory turnover ratio in 2007 was

The following information was available for Hawley Company at December 31, 2007: beginning inventory $160,000; ending inventory $240,000; cost of goods sold $700,000; and sales $1,000,000. a. 5.0 times. b. 4.3 times. c. 3.5 times. d. 2.9 times.

Smith sold a home to Jones on a land contract and recorded the contract. Jones made a $25 down payment and after the sale, made a few of the required monthly payments. One night Jones moved out and abandoned the house. Which of the following is true?

A: A buyer who later bought the property for cash would have no concern about Jones; B: A deficiency judgment could be obtained by Jones; C: There is a cloud on the title; D: The title is very marketable.