Mike minor buys some real estate for investment purposes. the contract obligates mike to make monthly installment payments for ten years. mike reaches the age of majority one month after making the contract. after this, mike makes 25 monthly payments under the contract, but then decides that he wants to rescind (disaffirm) the deal. which of the following is most true?
a. mike can disaffirm. b. mike cannot disaffirm because contracts for the sale of land can only be disaffirmed before the age of majority. c. mike cannot disaffirm because contracts for the sale of land must be disaffirmed within one year of the age of majority. d. mike cannot disaffirm because he has already ratified the contract.

In order to minimize project risk which step comes after the step of identifying risks

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product