By analyzing and reorganizing base use cases, we arrive at new use cases

Indicate whether the statement is true or false


TRUE

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Suppose the quantity demanded for a security is  BD = 150 ? 0.1b,and the quantity supplied of the security is  BS = 50 + 0.1b,where b is the price of the security in dollars. The equilibrium quantity of the security is

A. 100. B. 125. C. 145. D. 500.

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Brendan Company sold merchandise worth $1,600 on credit, terms n/15. The merchandise sold had cost $1,100. What is the required journal entry to record the transaction under the perpetual inventory system?

A) Accounts Receivable 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 B) Sales 1,600 Accounts Receivable 1,600Merchandise Inventory 1,100Cost of Goods Sold 1,100 C) Accounts Receivable 1,600 Merchandise Inventory 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 D) Merchandise Inventory 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100

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Island Company has 1,000,000 shares of common stock authorized with a par value of $3 per share of which 600,000 shares are outstanding. Island authorized a stock dividend when the market value was $8 per share, entitling its stockholders to one additional share for each share held. The par value of the stock was not changed. Assuming the declaration is not recorded separately, what entry, if

any, should Island make to record distribution of the stock dividend? a. Retained Earnings........... 4,800,000 Common Stock.............. 1,800,000 Gain on Stock Dividends... 3,000,000 b. Retained Earnings........... 1,800,000 Common Stock.............. 1,800,000 c. Retained Earnings........... 4,800,000 Common Stock.............. 1,800,000 Paid-In Capital from Stock Dividends 3,000,000 d. Memorandum entry noting the number of additional shares issued as a dividend

Business

Answer the following statements true (T) or false (F)

1. For good forecasts, the costs of preparing the forecasts should outweigh its benefits. 2. One of the features of a good forecast is that it should be complex. 3. Long-term forecasts tend to be more accurate than short-term forecasts. 4. Quantitative methods are appropriate for demand forecasting if there are causal relationships between explanatory variables. 5. The best-fit line is a major component of a time series.

Business