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krek1111 [17]
3 years ago
6

___________testing helps an organization determine early in the new-product process how the customer may perceive the product, a

s well as who would use it and how, before additional investment is made.
Business
1 answer:
Valentin [98]3 years ago
8 0

Answer:

Concept testing

Explanation:

Concept Testing: This is e process by which details, attributes and benefits of a new product are presented to the customers to get feedback from them before additional investment is made. It is used to determine whether a new product will be accepted in the market or not before making more investment commitment towards the product.

Concept testing also refers to the process of using both qualitative and quantitative method to evaluate customer's reaction towards a new product. Concept testing focuses on collecting data or information from prospective customers about a new product before the product is made available in the market.

Instrument such as questionnaire is used to collect data during concept testing.

It is worthy of note to know that the instrument used in concept testing should be of high quality in order to achieve the best results.

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Duc has been employed by Longbow Corporation for 25 years. During that time, he bought an annuity at a cost of $50 per month ($1
Arte-miy333 [17]

Answer:

a. How much gross income does Duc have from the contract in the current year?

According to the IRS, Duc's life expectancy is 90 years and 8 months, or 310 more months. This means that Duc can discount from his monthly income $15,000 / 310 = $48.39 (which we must round down to $48).

Duc received 8 x $200 = $1,600

deductions = 8 x $48 = $384

taxable income = $1,216

b. Assume that Duc dies on April 2, 2025. How does Annika account for the contract in 2025?

Annika should account for the contract in the same way as Duc did, and will also be able to discount $48 per month form her gross income. Since Annika will still file her taxes as married during 2025, she will report net income from this contract = ($200 - $48) x 12 months = $1,824

c. Assume the same facts as in part b and that Annika dies on August 4, 2032. How does the executor of Annika's estate account for the contract in the year of her death?

Both Duc and Annika received [(2032 - 2019) x 12] + 4 = 160 payments in total, so her estate is entitled to a tax deduction = (310 - 160) x $48 = $7,200

Since she died on August, her estate must also report income = ($200 - $48) x 8 = $1,216

3 0
3 years ago
1. What is a supply chain? How can managerial accountants help to improve the supply chain?
murzikaleks [220]

Answer: 1a. A supply chain is the summation of processes involved in ensuring that goods manufactured by a company gets to the final consumer.

Explanation:

1b. Managerial Accountants can improve the supply chain by looking out for hitches in the distribution cycle of goods and being proactive about handling them. Some measures to achieve these are;

1. Effective Logistics Network - All the resources used on logistics such as vehicles, Information technology devices/software, human resources, etc., should be regularly checked to be in good form at all times and equally, efficient.

2. Stock Control - Goods that may be required by costumers at any point in time should always be available.

3. Efficient Payment System - All resources used for payment including bank account information point of sale machines, should be regularly checked to be in good order.

4. Distribution Strategies - A clear cut map should be put in place by the management to facilitate an efficient and prompt delivery system. This can be done by strengthening all departments involved in distribution.

2. Sustainable Practices are those methods of production or initiatives, adopted by companies that seek to limit damage to the environment. An example, is recycling. These practices are geared at ensuring a safer world.

I would invest in a company that discloses their sustainable practices, first, because I believe they are transparent, and secondly because I believe that such companies aim at being enduring companies which are evolving and living up to the demands of a cleaner earth.

7 0
3 years ago
Customers who actively trade their listed stock portfolios should have a strong understanding of:________.
Papessa [141]

Answer:

Timing Risk

Explanation:

Timing risk is a type of investment risks that a trade will not be performed at the best market price.

5 0
3 years ago
Aside from advertising, how can monopolistically
kobusy [5.1K]
<span>This type of marketing is known as imperfect competition as many companies are selling similar products, but the products aren’t similar enough to compete with each other in the market. One way that a company in this type of market can get the most for their money is by producing goods that have a marginal revenue that equals the marginal cost. The company also can continue to develop new products in order to keep us with the demands of its customers. In order to increase the demand for their product, the company may improve its quality and design in order to make it more useful for its customers.</span>
6 0
3 years ago
Ed has a summer beach cottage that he has owned for many years. the cottage is valued at $ 75 comma 000. this​ year, ed spends ​
mezya [45]

is this all of the equation?

3 0
2 years ago
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