The initial journal entry to record an equity-classified award serves as a disclosure for a stock option plan

Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2.00 per 12 oz. bottle. The following data has been collected:

Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is a) $0.60. b) $0.16. c) $0.40. d) $0.44.

It is of little use for marketing managers to use a survey designed in-house to better understand the customer base

Indicate whether the statement is true or false