Which of the following questions is most important for product designers to consider while developing a product?
A) Which specific features of the product do customers like most?
B) How does the product appear to buyers?
C) What are the product's technical specifications?
D) How would customers use and benefit from the product?
E) How can the product be packaged to stimulate instant purchase?
D
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When a periodic inventory system is used, a subsidiary ledger is usually maintained with an account for each type of inventory
Indicate whether the statement is true or false
Cirrus Inc purchased certain plant assets under a deferred payment contract. The agreement was to pay $40,000 per year for ten years. The plant assets should be valued at
a. $400,000. b. $400,000 plus imputed interest. c. present value of $40,000 annuity for ten years at an imputed interest rate. d. future value of $40,000 annuity for ten years at an imputed interest rate.
A survey of buying intentions is a type of quantitative forecasting.
Answer the following statement true (T) or false (F)
On April 1 of the current year, a company purchased and placed in service a machine with a cost of $240,000. The company estimated the machine's useful life to be four years or 60,000 units of output with an estimated salvage value of $60,000. During the current year, 12,000 units were produced.Prepare the necessary December 31 adjusting journal entry to record depreciation for the current year assuming the company uses:a. The straight-line method of depreciationb. The units-of-production method of depreciationc. The double-declining-balance method of depreciation
What will be an ideal response?