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Genrish500 [490]
3 years ago
13

After creating a product prototype, a company tests it within the firm to see how itperforms in different applications. The comp

any refines the prototype to correct themistakes found in in­house testing. What should be the next step?Select one:a. performing business analysisb. conducting beta testing with customersc. performing concept testingd. creating a marketing strategy for the producte. commercializing the product
Business
1 answer:
grin007 [14]3 years ago
3 0

Answer:  Option(b) is correct

Explanation:

Beta-testing id the testing that is done on products in marketing and business field.Any new product's prototype is exposed to real users or consumer in the form of sample before releasing it in market.These users provide review and errors of the product after usage.

According to the question,a new product after being tested in in-house testing in company should be tested in the real environment and product user.Thus, the test that should be followed after prototype testing is beta-testing.

Other options are incorrect because concept testing,commercialization,  market strategy and analysis of business process should not be followed after in-house testing .Thus, the correct option is option(b).

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Which statement is true about the retail inventory method? Group of answer choices It may not be used to estimate inventories fo
mr_godi [17]

Answer:

The answer is: There are different versions of the retail inventory method.

Explanation:

There are several types of retail inventory method:

  1. the conventional (lower of average cost or market) method,
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  4. the dollar value LIFO retail method

The retail inventory method is very useful for large retailers (e.g. grocery stores, hypermarkets, etc.). Its greatest advantage is that the inventory balance can be calculated without a physical count.

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3 years ago
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Explanation:

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3 years ago
__________ competition assumes perfect market information (everyone in the market knows the price of the good or service).
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8 0
2 years ago
The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Cu
Delicious77 [7]

Answer and Explanation:

The computation is shown below;

1.

Working capital = Current Asset - Current Liabilities

= $569,000 - $280,000

= $289,000

2.

Current ratio  = Current Asset ÷ Current Liability

= $569,000 ÷ $280,000

= 2.03

3.

Acid-test (quick) ratio  = {(Current Asset - Inventory - prepaid expense) ÷ Current Liabilities }

= {{$569,000- $320,000 - $8,000) ÷ ($280,000)}

= 0.86 times

4.

Debt-Equity ratio   = Total Liability ÷ Shareholders' Equity

= $670,000 ÷ $759,000

= 0.88 times

5.

Times interest earned   = EBIT ÷ Interest Charges

= ($1,224,000 + $35,100) ÷ ($35,100)

= 35.87 times

6.

Average collection period

= 365 ÷ ($3,010,00 ÷ $215,000)

= 26 days

The $215,000 comes from

= ($210,000 + $220,000) ÷ 2

= $215,000

7. The average sales period is

= 365 ÷ ($1,110,000 ÷ $300,000)

= 99 days

The $300,000 comes from

= ($280,000 + $320,000) ÷ 2

= $300,000

8. The operating cycle is

= 99 days - 26 days

= 73 days

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3 years ago
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