A labor shortage that is seen to be temporary, yet approaching quickly, would be handled best by

In which of the following instances would the court most likely hold the contract to be void on the basis of a mistake?

A) Barry and Mary contracted for the sale and purchase of a boat for the price of $1200. When the contract was written up, the price was incorrectly stated as $1700. B) Two parties contracted for a shipload of fish, but unknown to both parties, at the time of the contract the ship had sunk and the fish had been lost. C) Carson and Leno had a serious misunderstanding about a term in the contract and the court found that the more reasonable interpretation was that of Leno. D) Sarah bought three rolls of wallpaper, but found she had made a mistake, since two would have been sufficient. E) Although the seller said nothing to the buyer about the characteristics of the answering machine, the buyer bought it, thinking that it would tell him the date and time of the call. Later, he learned that it did not perform this function.

Michaelsom Company owes you $800 on account due within 15 days. Which of the following amounts on its balance sheet would help you to determine the likelihood that you will be paid in full and on time?

A. cash and accounts receivable. B. cash and property and equipment. C. cash and inventory. D. contributed capital and retained earnings.