Bryan was shopping for a used car in january. he went to kia and test drove a used 2013 kia soul. while driving the car, he looked at the sound system display panel and noticed it had an app labeled "sirus radio". bryan assumed that the app meant the car came with sirus radio. bryan always wanted to have satellite radio so he could listen to the elvis station while on his long sales trips. bryan did not discuss the sirus app in any way with the salesperson. bryan bought the car. if bryan later discovers the car did not come with sirus radio can he avoid the contract?

a. bryan can avoid the contract on the basis of mutual mistake.

b. bryan can avoid the contract on the basis of unilateral mistake.

c. bryan cannot avoid the contract on the basis of his unilateral mistake.

d. bryan can avoid the contract on the basis of fraudulent misrepresentation.

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150