In such a scenario, the most the seller can contribute to the closing costs is up to<u> 6%. </u>
<h3>When can seller contribute to closing costs?</h3>
- The borrower must make a down payment of an amount between 10% and 24.9%.
- The loan must be conforming.
As the down payment of 12% falls within the 10% and 24.9% range, the seller can make a contribution of up to 6% should they please.
In conclusion, they can contribute 6%.
Find out more on conventional loans at brainly.com/question/1130069.
Answer:
(a) the financial ratio will be calculated with the projections of the cash flow. This will help the company to determinate their liquidity needs and their other atios as to budget the cash flow, the company had to solve for their dividend plan (to solve for financing activities cashflow) this will allow to calcualte for dividend per share for example. Also, the budget solve for purchase and sale of long-term equipment this makes the company to plan ahead how it is going to finance this. It will allow to solve the long term debt to equity, the long term asset to equity among other.
Resuming the budgeting of the financial statement will allow the managers to check for the performance of the company if operations runs according to plan.
(b) the budget allow to forecast the future while it is certain that actual values will differ if it isn't working in the papper there are less chances of a good output in real-life thus, It is used to discard bad project and only actual realize thoseth good odds. Also, is a resource of control once the operation are concluded to look for deviancy. Whitout budgeting accounting there is no way to plant ahead the use of cash to the business requirement.
Explanation:
Answer:
because they send the mail to you as it enter the mail or mailbox is a delivery
Answer:
The correct options are:
A. Debit to Factory Overhead
D. Credit to Factory Utilities Payable
Explanation:
The debit entry of the use of utilities in a factory would be recorded in factory overhead since cost of utilities is a not a direct factory cost.
However, the corresponding credit would be in the factory utilities payable as an obligation awaiting payment to be made to the supplier of the service being enjoyed by the factory in order to run on daily basis
Scarcity exists because people's wants for goods and services are greater than the number of products that can be made from available resources
