The ceo of david's firm just came back from a business seminar, and he called david into his office. "i just found out about the product life cycle curve in a strategy seminar. this is a great tool. i want you to drop whatever you're doing and inventory all of our products to determine exactly where they are in the product life cycle." david needs to think fast for a good answer because he knows that:
a. the product life cycle is not a useful concept. it is often impossible to identify with precision where a product is in the product life cycle.
b. the product life cycle is not in companies like his that pay attention to diffusion of innovation.
c. the idea has been discredited by recent research.
d. all of these.

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.