One advantage of a land contract to a buyer would be
a. if the seller required a large balloon payment at the end of the contract.
b. if the buyer had a large down payment to lower the asking price of the property.
c. the lack of an appraisal.
d. no down payment in exchange for a higher asking price.
Answer: d. no down payment in exchange for a higher asking price.
You might also like to view...
Key determinants for the site decisions of a convention center are price, size, and quality of facilities, and a wide variety of amenities or add-ons that will likely encourage prospective attendees of the convention to sign up
a. true b. false
The Maryland Cheese Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,870 0 12,870 1,070 F 11,800 Sales Revenue $62,740 $1,290 U $64,030 $4,020 F $60,010 Variable Costs 27,610 660 U 26,950 $1,680 U 25,270 Contribution Margin $35,130 $1,950 U $37,080 $2,340 F $34,740 Fixed Costs 34,300 280 U 34,020 $0 34,020 Operating Income/(Loss) $830 $2,230 U $3,060 $2,340 F $720 Which of the following statements would be a correct analysis of the flexible budget variance for fixed expenses? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs