Home remodelers, inc., and imogen enter into a contract for a sale of cabinets and countertops. home remodelers, a merchant who deals in goods of the kind sold, notes that its goods come with an implied warranty of merchantability. under the ucc, this means that the goods are reasonably
a. the best quality that money can buy.
b. suitable for resale at an acceptable price.
c. fit for the ordinary purpose for which such goods are used.
d. fit for the buyer's particular purpose.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

The correct answer is  "b)  net income overstated, assets unaffected, liabilities understated, and owner's equity overstated."