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 __________