Exercise 5-2: Answer the questions in the space provided. Use the following abbre- viations to identify reports: IS (income statement); BS (balance sheet); CFS (cash
flow statement)
1. What report(s) show the net income or net loss?
2. What report(s) show the cash balance?
3. What report(s) show total fixed assets?
4. What report(s) show common stock?
5. What reports(s) show cash at the beginning of the period?
6. What report(s) show note payable accounts?
7. What report(s) show total expenses?
8. What report(s) show the gross profit?
9. What report(s) show cost of goods sold?
10. What report(s) show dividends?

Which of the following is not a consideration when determining your asset allocation

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?