Digital Storage, Inc, offers to sell provide cloud-computing services to Entrepreneur Enterprises, Inc, but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500. Entrepreneur Enterprisesaccepts the written offer. Digital Storage'sbest defense against enforcement of the contract is that Entrepreneur Enterprisesknew
a. a bilateral mistake supports the cancellation of a contract.
b. a mistake of value supports the cancellation of a contract.
c. a unilateral mistake supports the cancellation of a contract.
d. the price was below the prices of comparable devices.
D
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Securities available-for-sale that a firm intends to sell within one year appear in marketable securities in the current assets section of the balance sheet
Indicate whether the statement is true or false
The MOTO sector of the retail industry is most similar to the ________ sector.
A. specialty stores B. general merchandise C. online retail sales D. consumer durables
SAS International Hotels devised which of the following sales promotions targeted at older consumers?
a. First to provide senior citizen discounts. b. Provided a discount percent equivalent to their age. c. A free hotel room if large family gatherings were held at the hotel. d. Free ballroom service for large family gatherings. e. Discount for large family gatherings.
Bravada Enterprises Transactions for Bravada Enterprises are provided below. Sept. 1 Bills are sent to clients for services provided in August for the amount of $2,200. Sept. 9 Barlue Furnishings delivers $1,500 of office furniture and $500 of office supplies to Bravada, leaving an invoice for $2,000. Sept. 15 Payment is made to Barlue for the office furniture and supplies delivered on September
9. Sept. 23 A $630 bill for advertising for the month of September is received. It will be paid on its due date in October. Sept. 30 Salaries of $450 are paid to employees. Refer to the transactions that occurred at Bravada Enterprises. The journal entry to record the September 1st transaction will include a debit of $2,200 to: A) Service revenue. B) Cash. C) Accounts receivable. D) Retained earnings.