Cash                                     $   75,000  …

       Cash                                     $   75,000        Accounts receivable                 45,000        Inventory                                  10,000        Land                                          50,000        Building (net)                            80,000        Short term bank loan               60,000        Current portion of mortgage     5,000        Mortgage payable                  100,000        Share capital                           250,000 The working capital formula is:   current assets – current liabilities    Calculate the working capital:

Bryant and Sarah love Whole Foods bread. Their family goes t…

Bryant and Sarah love Whole Foods bread. Their family goes through about three $4 loaves each week. While surfing the web, Sarah finds a recipe for homemade bread that she tries and loves. They price out the ingredients and realize that the raw materials would only cost 75 cents per loaf and that their son Daniel would happily make the bread if he were paid $1.50 per loaf. How much would Bryant and Sarah save on bread each year if they have Daniel make their bread?