Answer: True
Explanation:
From the question, we are informed that Pat promises to install granite countertops in the home at 123 Main Street that Bruce is buying provided that the escrow on the sale of 123 Main Street closes.
The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise is true. This is because Pat will only fulfil her promise given that there is a close of escrow on the sale of 123 Main Street.
Answer:
$446,000
Explanation:
Factory overhead are indirect costs incurred by a company during production which can not be easily be traced to units produced.
factory overhead cost calculation :
Indirect factory wages $151,000
Supervisor salaries $56,000
Power and light $113,000
Depreciation of plant and equipment $74,000
Indirect materials $20,000
Insurance and property taxes $32,000
Total $446,000
Answer:
e. - $2,330.
Explanation:
Working capital is calculated by subtracting total current liabilities of a company from its total current assets. This is the amount of capital which is used by the company in running day to day operations. Working capital is considered an important part in company's operating capital.
The net working capital is calculated by subtracting working capital at the end of year minus working capital at start of the year.
Working capital at start = Current Assets - Current Liabilities
Working capital at start : $16,200 - $13,280 = $2,920
Working capital at end = Current Assets - Current Liabilities
Working capital at end : $14,800 - $14,210 = $590
Net working capital = Working capital at year end - Working capital at start of year.
Net working capital = $590 - $2,920
Net working capital = - $2,330.