Polly agrees to buy Quinn's Cycle World store business on the express condition that Ridgeline Credit Union approves the financing. This approval is
a. not a condition.
b. acondition precedent.
c. aconcurrent condition.
d. acondition subsequent.
B
You might also like to view...
Which of the following leadership behaviors identified by the culturally endorsed implicit leadership theory is defined as--the ability to inspire and motive others to high performance?
A. charismatic/value-based B. team-oriented C. participative D. humane-oriented
Which of the following statements is true?
a. The predetermined overhead rate is multiplied by the actual activity volume to determine overhead applied. b. The amount of overhead actually spent is called Overhead incurred. c. Actual overhead and applied overhead are both recorded in a single general ledger account. d. All the above statements are true.
For Proposal 3, the annual incremental after-tax cash flow from operations for year 3 is ________. (See Table 11.2)
A) $45,000 B) $75,150 C) $90,150 D) $93,800
A fixed cost is constant if expressed on a per unit basis but the total dollar amount changes as the number of units increases or decreases.
Answer the following statement true (T) or false (F)