In agile projects, overall planning is at a high level, and only the near-term work is planned in detail. The project work is conducted in iterations (sprints) that are normally:

a. no more than one calendar year
b. a variable length depending on project scope
c. a fixed length of two or four weeks
d. assigned to one person on the team


C

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Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2016 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2016 . Park paid the amount due on June 13, 2016. If Park uses the periodic inventory system, the effect of recording

the payment on June 13, 2016, will include a. a decrease to Accounts Payable for $15,000. b. a decrease to Purchases for $15,000. c. a decrease to Cash for $15,000. d. an increase to Inventory for $14,850.

Business

Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 700,000 shares of $15 par value common stock. As of December 31, Year 3, Gilligan's stockholders' equity accounts report the following balances: Common stock, $15 par, 700,000 shares authorized,70,000 shares issued and outstanding$1,050,000?    Paid-in capital in excess of par - Common 140,000?        $1,190,000? Retained earnings    665,000? Total stockholders' Equity   $1,855,000? At the end of Year 3, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $46 per share.What is the amount of retained earnings that will be transferred to paid-in capital as a result of the stock dividend issued by Gilligan

Corporation? A. $52,500 B. $161,000 C. $10,500,000 D. $35,000

Business

If an applicant for insurance informs his broker of all material facts regarding the risk, and the broker does not pass those facts along to the insurer, it's possible that the insurer can legally deny any subsequent claim

Indicate whether the statement is true or false

Business

A sample of 24 observations is taken from a population that has 150 elements. The sampling distribution of is

a. approximately normal because xis always approximately normally distributed. b. approximately normal because the sample size is large in comparison to the population size. c. approximately normal because of the central limit theorem. d. normal if the population is normally distributed.

Business