Developing competitive advantage increases an organization's ability to obtain scarce resources

At Radiant, Inc., the sales department is also responsible for recording cash transactions as it does not have a separate accounting department

In the above situation, which internal control procedure needs strengthening? A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents

The sale price of a property is $100,000. The buyer pays $10,000 down and makes one payment of $268 on the existing loan balance of $50,000, bearing interest at 5%. The buyer then makes a second (monthly) payment of $253 to the seller on $40,000 owner-carried financing, bearing interest at 6.5%. What type of land contract is this an example of?

a. Straight b. Wrap-around c. Power of sale d. All of the above