Developer's Covenants are the most restrictive of the restrictions in place for the land's use.
What developers use restrictive covenants for?
Restrictive covenants are frequently used by land developers to divide the land for residential complexes. After platting the subdivision into lots, blocks, and roadways, a property developer will put some restrictions on how the lots in the development can be used.
Do restrictive covenants expire?
Only after a covenant has been broken for at least a year without receiving any complaints is it possible to purchase restrictive covenant indemnity insurance. However, if purchased, the policy will endure forever and can frequently be transferred to new owners of the property.
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Answer:
Sheridan Company
The correct amount of inventory that Sheridan should report is:
= $367,100
Explanation:
a) Data and Calculations:
December 31 Inventory based on physical inventory = $320,800
Goods held on consignment by Herschel = 46,300
December 27, FOB destination goods ($22,000) 0
Correct amount of inventory that Sheridan should report $367,100
b) Goods on consignment are generally the property of the consignor (supplier) and not the consignee's (retailer's). Therefore, they must appear in the balance sheet of the consignor. Goods on FOB destination remain the property of the supplier until they reach the buyer's destination. This is why it is not included above.
Yes, this encourages the buyer to pay more for an item especially if it is by a well known branded. This gives them to opportunity to brag and boast with their purchase. Also when the product is well known consumers are going to try their absolute best to buy it, this is going to make the product scare, hence increasing its price.
Answer:
Option (A) is correct.
Explanation:
Cash flow from Operating Activities:
= Net income + (Beginning Accounts receivable - Ending Accounts receivable) + (Ending Accounts payable - Beginning Accounts payable)
= $45,000 + ($23,000 - $22,000) + ($28,000 - $26,000)
= $45,000 + $1,000 + $2,000
= $48,000
Therefore, Bird Brain's cash flows from operating activities would be $48,000.
Answer:
$12.50
Explanation:
Data provided in the question
Annual dividend next year = $0.75
Growth rate = 4%
Required rate of return = 10%
So by considering the above information, the price of the share is
= Next year dividend ÷ (Required rate of return - growth rate)
= $0.75 ÷ (10% - 4%)
= ($0.75) ÷ (6%)
= $12.50
Hence we considered all the information which is given in the question
