1.Would you agree that computerized corporate planning models were a fad during the 1990s but that because of a need for flexibility in corporate planning, they are no longer used by most firms? Explain.
2..Certain liability and net worth items generally increase spontaneously with increases in sales. Put a check mark (?) next to those items that typically increase spontaneously.
Accounts payable __________
Notes payable to banks __________
Accrued wages __________
Accrued taxes __________
Mortgage bonds __________
Common stock __________
Retained earnings __________