An activity diagram shows the flow of information between two or more use cases
Indicate whether the statement is true or false
FALSE
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Which of the following is not an external event?
A) A grocery store recognizes losses from spoilage. B) A grocery store runs ads in a local newspaper. C) A grocery store purchases produce from a local farmer. D) A grocery store sells groceries to customers on credit.
____ signatures were needed on the loan documents
A) Matt and Maggie's B) Matt's and Maggie's C) Matts' and Maggies'
Accord Corporation purchased land for $100,000 by making a cash payment of $30,000 and promising to pay the remaining amount in a later accounting period. What is the net effect of this transaction on Accord's accounting equation?
A) assets increase by $100,000 and liabilities decrease by $30,000 B) assets increase by $100,000 and liabilities decrease by $70,000 C) assets and equity increase by $70,000 D) assets and liabilities increase by $70,000
Hisham was a professional classical guitar player until a motorcycle accident left him disabled
After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $900, and the fixed monthly operating costs are as follows: Rent and utilities $800 Wages and benefits to luthier 2,000 Other expenses 474 Hisham's accountant told him about contribution margin ratios, and Hisham understood clearly that for every dollar of sales, $0.65 went to cover his fixed costs, and anything above that point was profit. Hisham wishes to earn $4,000 of operating profit each month. Calculate the number of guitars Hisham will need to sell to achieve the target profit. (Round your answer up to the nearest whole guitar.) A) 3 guitars B) 12 guitars C) 4 guitars D) 13 guitars