Which of the following consumer segments should promotion target at the introduction stage of
the product life cycle?
A) early adopters B) late majority customers
C) laggards D) up-and-comers
A
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You are planning to buy a stock, the risk on which is dependent on two factors: (1) the change in the inflation rate over the last year and (2) the spread between ten-year Treasury bonds and three-month Treasury bills. Suppose the average risk-free interest rate is 3 percent. The beta coefficients of the stock associated with the change in inflation rate and the spread between ten-year Treasury bonds and three-month Treasury bills are -2 and 4 respectively. If you expect the inflation rate to rise 6 percentage point and you think the spread will be 8 percentage points. What is the expected return to this stock? Use the arbitrage-pricing theory.
A. 11 percent B. 12 percent C. 18 percent D. 23 percent
Exhibit 8-3 The J. Love Company uses a periodic inventory accounting system and values its inventory by using the lower of cost or market rule. The allowance method is used in applying the lower of cost or market rule. The company adjusts and closes its books annually on December 31. Below are the cost and market values of the company's year-end inventories for a three-year period: Date Cost
Market December 31, 2016 $70,000 $70,000 December 31, 2017 56,000 46,000 December 31, 2018 64,000 58,000 ? ? Refer to Exhibit 8-3. Which of the following journal entries would be correct as of December 31, 2017, to apply the lower of cost or market rule to the valuation of inventory? A) Inventory 46,000Income Summary 46,000 B) Loss Due to Market Valuation 10,000Allowance to Reduce Inventoryto Market 10,000 C) Cost of Goods Sold 10,000Inventory 10,000 D) Cost of Goods Sold 10,000Allowance to Reduce Inventoryto Market 10,000
Mobile phones are more prevalent in the United States than in any other country
Indicate whether the statement is true or false
Period costs flow through three types of inventory accounts before becoming part of the cost of goods sold amount
Indicate whether the statement is true or false