Sales of ABC Corporation's digital video cameras are rising rapidly, profits are peaking, and competitors are entering the market. ABC is able to maintain its market lead. Judging from this example, the digital video camera is in which stage of the product life-cycle?
A. Introduction
B. Decline
C. Maturity
D. Growth
E. Evaluation
Answer: D
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Retained earnings, an account on the balance sheet, represents the undistributed earnings of the corporation
Indicate whether the statement is true or false
Interest on a six-month, 7 percent, $2,000 note is calculated by multiplying $2,000 ? 7/100 ? 6/12
Indicate whether the statement is true or false
Slosh, Inc. produces washing machines that require two processes, assembling and finishing, to complete. The company's bestselling machine is the commercial washer. Information related to the 500 commercial washers produced annually is shown below.Direct materials$161,000Direct labor? Assembling Department (1,000 DLH x $25 per DLH)$25,000 Finishing Department (250 DLH x $22 per DLH)$5,500Machine hours? Assembling Department1,500 MH Finishing Department 400 MHSlosh's total expected overhead costs and related overhead data are shown below. The company uses departmental overhead rates based on direct labor hours in the Assembling Department and machine hours in the Finishing Department.?Assembling DepartmentFinishingDepartmentDirect labor hours50,000 DLH275,000 DLHMachine
hours37,500 MH8,000 MHManufacturing overhead costs$4,000,000$60,000Determine the total product cost of this product line and each individual commercial washer. What will be an ideal response?