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.

Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest.the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed.what control allowed the fraud to occur?

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr