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4 years ago

What makes buying a foreclosed property risk

Business

1 answer:

navik [9.2K]4 years ago

4 0

Answer:

You can not check the property beforehand for damages, which is a risk.

Explanation:

A foreclosure property is that property which is being sold off by a lender in order to payoff default.

There are a number of risks involved in buying such property. The process of buying is lengthy and complicated.

Buyers are not allowed to check the property before auction. Often these properties are damaged because the owners can not afford to manage. Or the angry owners may damage the property purposely in order to punish the lenders.

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__________ values and norms are exhibited by employees based on their observations of what actually goes on in the organization.

abruzzese [7]

Based on their observations of what actually occurs in the organization, employees demonstrate the enacted values and norms.

Your values are the things you hold dear in terms of how you conduct your life and career. Value indicates the significance of an action or thing in ethics and social sciences. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. In the social sciences, norms are a key notion. Norms are most frequently described as socially imposed laws or expectations. Norms can be prescriptive (encouraging good behavior, such as "be honest") or proscriptive (forbidding bad behavior, such as "do not cheat").

Learn more about Norms here

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8 0

1 year ago

Read 2 more answers

Tommy, a senior at State College, receives free room and board as full compensation for working as a resident adviser at the uni

Natasha_Volkova [10]

Answer:

Consider the following explanation

Explanation:

The meals value of $800 should be included in Gross Income the reason being there was option of receiving the same in cash .

The housing value and lodging value should not be included in gross income since it was give as condition of employment as full compensation for working as a resident adviser at the University dormitory.

7 0

4 years ago

Fill in the blanks to complete the sentence. A manufacturing company has budgeted production at 5,000 units for May and 4,400 un

GarryVolchara [31]

Answer:

Direct material purchases in May = 21,670× $10= $216,700

Explanation:

Material purchase budget is determined by adding the closing inventory of material to the material usage budget less the opening inventory.

Material budgets for May will be prepared as follows:

Materials needed for May production = 5,500 × 3 = 16,500

Materials needed for June production = 4,400× 3= 13,200

Closing inventory of raw material in May =60% × June requirement = 60% × 13,200 =7,920

Material purchase budget for February = Usage budget + closing inventory - opening inventory

= 16,500 + 7,920- 2,750=21,670

Direct material purchases in May = 21,670× $10= $216,700

3 0

3 years ago

AMAZOOK AMAZOOK AMAZOOK AMAZOOK

Talja [164]

Answer:

yes sir. this makes my day

5 0

4 years ago

Read 2 more answers

On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $27,000; Accounts Receivable, $7,9

Tema [17]

Answer:

The amount of equity as at May 31 of the current year is $38,900

Explanation:

In this question, we are asked to calculate the amount of equity as of May 31st of Riser Inc given the list and values of its liabilities and assets. We use a mathematical approach.

Mathematically,

Assets = Liabilities + Stockholders' Equity

Cash + Accounts Receivable + Supplies + Equipment = Accounts Payable + Stockholders' Equity

$27,000+ $7,950+ $1,300+ $12,700= $10,050+ Stockholders' Equity

$48,950= $10,050+ Stockholders' Equity

Stockholders' Equity = $48,950 - $10,050

Stockholders' Equity = $38,900

4 0

4 years ago