The product strategy during the maturity stage of the product life cycle should be to build more intensive distribution
Indicate whether the statement is true or false
FALSE
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Rex and Kelsey are partners who share income in the ratio of 3:2 . Their capital balances are $95,000 and $140,000, respectively. Income Summary has a credit balance of $40,000 after the second closing entry. What is Pia's capital balance after closing Income Summary to the capital accounts?
a. $71,000 b. $119,000 c. $146,000 d. $111,000
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Answer the following statement true (T) or false (F)
Peter Piper Inc had the following information available from its 2011 balance sheet and income statement: Insurance expense $55,000 Prepaid insurance - beginning 8,000 Prepaid insurance - ending 5,000 What amount would be reported as cash outflows for insurance on the statement of cash flows for 2011 using the direct method?
A) $68,000 B) $58,000 C) $42,000 D) $52,000
What two forecasts are used in a break-even analysis?
A. revenue and production B. sales and expense C. profit and loss D. market share and sales E. production and sales