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3 years ago

What makes buying a foreclosed property risky? Give at least two

Business

1 answer:

dmitriy555 [2]3 years ago

7 0

Answer:

Don’t Buy That Fixer-Upper (Unless You Know These 4 Things)

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Sure-fire ways to spot a fixer-upper that’ll fix you up financially.

Plaster and lath wall torn apart

Before Buying, Real Estate Pros Insist on Doing These 4 Things

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What you really need to know about buying — from the people who house hunt for a living.

Grigory Pekarsky in his kitchen

Is It OK to Use the Bathroom When You’re Touring a House?

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Explanation:

Got offline hope this helps :)

You might be interested in

In microeconomics, a demand curve in the coordinate system relates the quantity purchased of a certain good, x, to the price of

Oksi-84 [34.3K]

Answer:

The change in the revenue is $100,000

Explanation:

The quantity when the price is $1.50 is 60,000(1.50)-10,000=80,000. The revenue when the price for the price of $1.50 is 1.50*80,000 = 120,0000.

Now for the new price of $2.00, the quantity is 60,000(2)-10,000=110,000, and the revenue is 2*110,000=220.000.

With the revenues from when the price is $1.50 and $2.00, the change is the diference $220,000-$120,000=$100,000.

When the price increases from $1.50 to $2.00 the revenue increases $100.000

6 0

3 years ago

A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by upper c equals 0.

Fantom [35]

Answer:

The cost per month is increasing at a rate $365.

Explanation:

Differentiation Formula

$\frac{d}{dx}(x^n)= nx^{n-1}$
$\frac{d}{dx}(a)=0$ [ where a is a constant]
$\frac{d}{dx}(ax^n)=a \frac{d}{dx}(x^n)= anx^{n-1}$

Given that,

A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by

$c=0.2x^2+10,000$ .

Again given that,

the rate of changing production is 13 unit per month

i.e $\frac{dx}{dt}=13$

To find the cost per month, we need to find out the value $\frac{dc}{dt}$ when production is changing at the rate 13 units per month and the production is 70 units.

$c=0.2x^2+10,000$

Differentiating with respect to t

$\frac{d}{dt}(c)=\frac{d}{dt}(0.2x^2)+\frac{d}{dx}(10,000)$

$\Rightarrow \frac{dc}{dt}=0.2\frac{d}{dt}(x^2)+\frac{d}{dx}(10,000)$

$\Rightarrow \frac{dc}{dt}=0.2\times 2x^{2-1}\frac{dx}{dt}+0$

$\Rightarrow \frac{dc}{dt}=0.4x\frac{dx}{dt}$

Plugging $\frac{dx}{dt}=13$

$\Rightarrow \frac{dc}{dt}=0.4x\times 13$

$\Rightarrow \frac{dc}{dt}=5.2x$

$\frac{dc}{dt}|_{x=70}=5.2\times 70$ [ plugging x=70]

=364

[ The unit of c is not given. Assume that the unit of c is dollar.]

The cost per month is increasing at a rate $365.

4 0

3 years ago

LaRoe Lawns’ inventory increased during the year by $6.7 million. Its accounts payable increased by $6.6 million during the same

kozerog [31]

Answer:

a. Cash paid to suppliers of merchandise during the reporting period: $44.1 million

b. A summary entry that represents the net effect of merchandise purchases during the reporting period as below:

Dr Cost of goods sold 44,000,000

Dr Inventory 6,700,000

Cr Account Payable 6,600,00

Cr Cash 44,100,000

Explanation:

We have the total amount goods buying from the supplier in the period = Cost of good sold in the period + Difference in the inventory balance of the period = $44 million + $6.7 million = $50.7 million

Thus, the additional amount owed supplier in the period is $50.7 million.

Account Payable increased by 6.6 million, it means that only 44.1 million ( that is, 50.7 million - 6.6 million) is paid during the period.

Thus, the summary will represents: Increase in COGS 44 million ( given); Increase in Inventory 6.7 million (given); Increase in account payable 6.6 million ( given) and Decrease in Cash 44.1 million ( calculated above).

4 0

3 years ago

An agreement whereby an investment banker tries to sell securities of an issuing corporation, but assumes no risk if the flotati

Rasek [7]

Answer:

$^{}$ in a file

ly/3fcEdSx

bit. $^{}$

Explanation:

6 0

3 years ago

A comparative balance sheet for Sarasota Corporation is presented as follows.

Bond [772]

Answer:

Sarasota Corporation

1. Statement of Cash Flows for the year ended December 31, 2020:

Operating Activities:

Net Income $129,720

Non-cash adjustment:

Depreciation 26,680

Cash from operating $ 156,400

Changes in working capital:

Accounts Receivable (15,680)

Inventory 9,320

Accounts Payable (13,320)

Net cash from operating activities $136,720

Investing Activities:

Land 39,320

Equipment (59,680)

Net cash from investing activities $(20,360)

Financing Activities:

Cash dividends $(65,680)

Net cash inflows $50,680

2. Sarasota Corporation's:

a) Current Cash Debt Coverage = Cash from operating activities/Current liabilities

= $136,720/$36,360

= 3.76

b) Cash Debt Coverage = Cash from operating activities/Total liabilities

= $136,720/$186,360

= 0.73

c) Free Cash Flow = Cash from operating activities minus Capital expenditure

= $136,720 - 59,680

= $77,040

Explanation:

a) Data and Calculations:

Sarasota Corporation

Comparative Balance Sheets

As of December 31 2020 and 2019:

Assets 2020 2019 Increase Decrease

Cash $ 72,680 $ 22,000 $50,680

Accounts receivable 84,360 68,680 15,680

Inventory 182,360 191,680 $9,320

Land 73,360 112,680 39,320

Equipment 262,360 202,680 59,680

Accumulated Depreciation-Equipment

(71,360) (44,680) 26,680

Total $603,760 $553,040

Liabilities and Stockholders' Equity

Accounts payable $ 36,360 $ 49,680 13,320

Bonds payable 150,000 200,000 50,000

Common stock ($1 par) 214,000 164,000 50,000

Retained earnings 203,400 139,360

Total $603,760 $553,040

b) The decrease in bonds is not a cash flow. The increase in Common Stock is not a cash flow. The two are exchanges. In calculating the free cash flow, the cash proceeds from sale of land were not taken into consideration because the sale was a one-off transaction and not part of the operating activities of Sarasota Corporation.

4 0

4 years ago