Linda has signed a two-year long contract with HNS Inc., a clothing retail store, to work as a sales trainee. Linda’s parents are outraged because Linda is not yet 18 years of age. In this scenario, which of the following elements of the contract between Linda and HNS Inc. has most likely been missed?

A) Legal purpose of the contract. B) Consideration. C) Capacity to contract. D) Mutual assent.

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.