Another name for an estate of inheritance is:
A: Fee simple defeasible;
B: Estate at sufferance;
C: Estate in fee;
D: Probate estate.
Answer: C: Estate in fee;
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MDX Sales Corp is expecting a 10% increase in sales next year. MDX has an inventory balance of
$1,000,000 and uses the percent of sales forecasting method. Which of the following could explain why the inventory forecast of $1,100,000 might be too high? A) The growth in sales could be as high as 15%. B) The company is going to change its depreciation method in the coming year. C) A fixed amount of inventory is required to do business, so inventory doesn't increase proportionally with sales. D) The current inventory balance of $1,000,000 is lower than usual because of a one-time end of year fire sale.
A one-to-many relationship between two entities is symbolized in a diagram by a line that ends:
A) in two short marks. B) in one short mark. C) with a crow's foot. D) with a crow's foot preceded by a short mark. E) in three short marks.