Lorraine belongs to a national consumer panel created by a market research company. she regularly receives samples of new products from a variety of firms and fills out questionnaires about the products. the national consumer panel lorraine is part of is engaged in
a. premarket testing.
b. product launch.
c. test marketing. d. product development. e. concept testing

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: