1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Liula [17]
3 years ago
11

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?
Business
1 answer:
taurus [48]3 years ago
3 0

Answer:

straight land contract

Explanation:

Based on the information provided within the question it can be said that the type of contract that is being illustrated in this scenario is a straight land contract. This is a contract where the interest cannot be overrided and payments are not specific, meaning that you can go paying the contract off little by little but the interest will adjust accordingly.

You might be interested in
In the Keynesian-cross model, actual expenditures differ from planned expenditures by the amount of:
dmitriy555 [2]

Answer: Option (c) is correct.

Explanation:

Correct option: Unplanned inventory investment.

Unplanned inventory investment is a component of investment spending. The other component of investment spending is planned inventory investment.

Unplanned inventory investment occurs when actual sales are more or less than the company's expected sales which results in unplanned changes occurred in the inventories.

Hence, in the Keynesian-cross model, actual expenditures differ from planned expenditures by the amount of Unplanned inventory investment.

5 0
2 years ago
Which government agency is in charge of regulating the sale of stocks and bonds? A. The Securities and Exchange Commission B. Th
viva [34]

Answer:

A

Explanation:  The Securities and Exchange Commission

4 0
3 years ago
Eduardo is starting a floral shop and owns a 10-year-old delivery van. He borrows $50,000 from First National Bank, which takes
mylen [45]

Answer: After acquired property

Explanation: The concept of after acquired property refers to personal belongings or properties purchased by an individual who has secured a loan such as mortgage and penned a security agreement that secures the debt with all of his properties.

The after acquired property is manifested in the context above, Eduardo must have penned a security agreement nn other to secure the $50,000 loan from the National Bank, and therefore his real and personal properties such as his 10 year old van, including properties purchased after penning the security agreement such as the Just purchased greenhouse automatically becomes a collateral for his debt.

5 0
2 years ago
Read 2 more answers
A well-written business plan can improve your chances of getting funding and give you
mixer [17]

A well-written business plan can improve your chances of getting funding and give you greater negotiating power. When you are wanting to gain funding and have a well-written business plan, you are able to better negotiate power because your knowledge of what is needed is higher. When wanting to receive funding from an outside source, you need to show your knowledge of the business and where you plan to use the money for a better chance at receiving it.

7 0
2 years ago
An example of a business using information systems to create new products and services is
Crazy boy [7]

Answer: Apple Inc.'s iPod

Explanation: Manufacturing Information systems deal with the planning, development, and production of products and services, and controlling the flow of production.

The manufacturing of Apple Inc.'s iPod was mainly by the use of information systems.

The iPod is a more technologically innovative electronic product that has a high standard than all other electronic inter phase.

7 0
3 years ago
Other questions:
  • Suppose you were borrowing money to buy a car. Consider the following situations. Situation​ 1: Suppose the interest rate on you
    12·1 answer
  • When you begin your first full-time job, you have a monthly income of $3,500. Your federal and state taxes are $1,000. You pay $
    8·1 answer
  • Paulette goes to an electronic store to purchase a refrigerator. After comparing the technical features, prices, and durability
    12·1 answer
  • PLEASE ANSWER WITH 100% THE CORRECT ANSWER ASAP IF YOU DON'T KNOW THE ANSWER THEN DON'T ANSWER
    9·1 answer
  • In how many cities are Federal Reserve district banks located? 4 12 50 8
    6·2 answers
  • Atkins Company collected $1,750 as payment for the amount owed by a customer from services provided the prior month on credit. H
    14·1 answer
  • The relationship between these two entities is an example of: __________
    8·1 answer
  • Q1. This organizational structure violates the unity of
    6·1 answer
  • Need help ASAP, I’m going somewhere!
    8·1 answer
  • Describe why it is important to understand how businesses impact you.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!