The contract between both of them is rescinded because of mutual mistake. It is because Mark and Dale, the parties of the contract, are both made a mistake about the estimation of the size of the truck. Although Dale and Mark have meeting of minds which is considered the contract to be valid but both they have made mistake, therefore, the contract is voidable.
Break even analysis determines <span>what sales volume must be reached before the company's total revenue equals total costs and no profits are earned. It is the calculation of the point at which total revenue equals total cost. Break even analysis is helpful in letting businessmen know when their business will turn a profit so the prices of their goods or the amount of goods sold can be adjusted accordingly.</span>
Answer:
increase by $336,000.
Explanation:
Options are <em>"1. increase by $176,000. 2. increase by $336,000. 3. increase by $160,000. 4. be unaffected."</em>
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Common stock will increase by $160,000, the par value, and paid-in capital in excess of par value will increase by $176,000, for a total increase in stockholders' equity of $336,000.
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