In spite of the rigorous process for developing product ideas, the majority of new products

A. require several months to gain market share.
B. yield high returns on R&D costs.
C. require several years to gain market share.
D. are copied by competitors.
E. end up as failures.


Answer: E

Business

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Mellon Corporation The data presented below is for Mellon Corporation for the year ended December 31, 2016: Sales (100% on credit) $1,500,000 Sales returns 60,000 Accounts Receivable (December 31, 2016) 250,000 Allowance for Doubtful Accounts [Credit Balance] (Before adjustment at December 31, 2016 3,000 Estimated amount of uncollectible accounts based on an aging analysis 31,000 Refer to

information for Mellon Corporation. If Mellon uses 2% of net credit sales to estimate its bad debts, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts? a. $33,000 b. $31,800 c. $27,000 d. $25,800

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The exchange rate in an option contract is called the option's ________

A) premium B) discount C) strike price D) delivery price

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Mel Ross thinks he would like to buy a used car in five years for $8,000. He wants to put the money aside now so that in five years the $8,000 will be available. His bank offers him 12% interest, compounded semiannually. Could you calculate what Mel must invest today?

What will be an ideal response?

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Wolery Inc. has provided the following data concerning one of the products in its standard cost system.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect labor0.20 hours$21.70 per hourThe company has reported the following actual results for the product for April: Actual output 8,800unitsActual direct labor-hours 1,610hoursActual direct labor rate$23.30per hourThe labor rate variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.)

A. $2,576 F B. $2,816 F C. $2,576 U D. $2,816 U

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