Multiplicity level is an indication of how many objects participate in a given relationship
Indicate whether the statement is true or false
TRUE
Explanation: In a class diagram, a multiplicity specification is shown as a text string representing an interval (or intervals) of integers in the following format: lower bound..upper bound.
CL
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Suppose increased costs for security raised the costs of production for all firms. Explain how this would affect aggregate supply, output, and the price level in the short run and the long run.
What will be an ideal response?
Surplus Mining Company has leased a machine from Craft Machinery Company. The annual payments are $6,000 and the life of the lease is 8 years. It is estimated that the useful life of the machine is 9 years. How would Surplus Mining record the acquisition of the machine?
a. The machine would be recorded as an asset with a cost of $48,000. b. The company would not record the machine as an asset but would record rent expense of $6,000 per year. c. The machine would be recorded as an asset, at the present value of the annual cash payments, $6,000 for 8 years. d. The machine would be recorded as an asset, at the present value of the annual cash payments, $6,000 for 9 years.
Dawson Corporation produces a product called Blocker, which gives rise to a by-product called Spotter. The only costs associated with Spotter are additional processing costs of $4 for each unit. Dawson accounts for Spotter's sales first by deducting its separable costs from its sales and then by deducting this net amount from the cost of sales of Blocker. This year, 9,600 units of Spotter were produced. They were all sold for $8 each. Company operating expenses were $250,000 for the year. Sales revenue and cost of goods sold for Blocker were $1,600,000 and $800,000, respectively. (CPA adapted)Required:(a) Calculate the company's gross margin under the current accounting method.(b) Assume the company changes its accounting method and accounts for the by-product's net realizable value as
"other revenue." Calculate the gross margin under the new method.(c) Under what circumstances would method (a) or (b) be preferred? What will be an ideal response?
A _______ _________ system is a system that provides meaningful information to managers to use in decision making.
Fill in the blank(s) with the appropriate word(s).