Think Critically 1. Which stage of the product life cycle do you believe Willomette is in, based on the case
information? Why?
2. In which consumer product category do you believe consumers would classify Willomette's
products, based on the case information? Why?
3. Describe the elements of Willomette's marketing mix.
4. Describe the target market that you believe might be attracted to Willomette appliances.
5. Which of the major marketing activities would Willomette have to perform to sell its products
in international markets?
6. How does the marketing concept relate to the decision Willomette must make about entering
international markets?
7. Do you agree that products that are successful in the United States will also be successful in
other countries? Explain.
8. What would Willomette have to do if it wanted to increase the demand for its products in the
United States by selling industrial products?

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock