Over the past 100 years or so, Binney and Smith's Crayola crayons have become household staples in more than 80 countries around the world. The company occasionally tinkers with the product's marketing mix to maintain market share
Crayola crayons are in the ________ stage of the product life cycle.
A) growth
B) extension
C) development
D) maturity
E) decline
D
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"Three hundred of the finest universities in the country are using this textbook." This type of suggestion is an example of a(n):
A. countersuggestion B. Suggestive Proposition C. Autosuggestion D. Direct Suggestion E. Prestige Suggestion
On January 1, 2017, Finch Company issued $74,000 of five-year, 8% bonds when the market interest rate was 12%. The issue price of the bonds was $62,000. Finch uses the effective-interest method of amortization for bond discount. Semiannual interest payments are made on June 30 and December 31 of each year. How much interest expense will be recorded when the first interest payment is made? (Round your answer to the nearest dollar number.)
A) $2,480 B) $3,720 C) $2,960 D) $4,440