Answer:
While a property is under a contract for deed, the buyer or vendee takes possession of the property and makes timely payments of principal and interest. At the end of the term, the vendee obtains a loan and uses the funds to pay-off the vendor. Given these circumstances, the seller may choose to repurchase the property after conveying title.
Explanation:
The seller has an option of repurchasing the property after conveying title.This is because the contract is under deed in which the buyer has taken possession and makes timely payments of principal and interest. Moreso, the title to the property is vested in the buyer since he as paid-off the vendor in full.
When two products have similar core features, but are produced by different companies, competition results. Research your competition to figure out where you fit in or what to change.
Answer:Cash Account Balance (Adjusted) = $17113
Explanation:
The question requires us to determine the true cash balance (cash book balance). We will start by explaining why some of these amount are excluded in the calculation of the true cash balance.
When Determining True Cash Balance we adjust the current Cash Balance by transactions that have been processed by the back but not processed in the company's ledger books.
Deposit in transit $2680, This amount will be excluded because deposit in transit is the deposits that have been received by company and processed in company's ledger books. These deposits are then sent to the bank. The term in transit implies that the bank as not yet processed these deposits.
Outstanding checks $3429, This amount will also be excluded because outstanding checks are already recorded in the company's ledger books. Outstanding checks are checks sent to the bank by the company that have not yet been processed by the bank
Cash Balance Reconciliation
Cash Account Balance (Not Adjusted) = $17102
Credit memo for interest earned = $24
Debit Memo for Service Charge = -$13
*Cash Account Balance (Adjusted) = $17113
*Cash Account Balance (Adjusted) = ($17102 + $24 - $13) = $17113
Answer:
Explanation:
I. The analyst can see if the company is consistent in its performance.
II. The analyst can determine if there are good trends (i.e., improving margins), or bad trends (i.e., increased inventory turnover).
III. The analyst can identify liquidity or cash flow weaknesses and strengths.
IV. The analyst can determine if the firm will have sufficient collateral and free cash flow to support loan payments.
