Firm A introduced a product several years ago. Currently, Firm A is experiencing high demand for the product. Its profits are rising, and the firm has shifted its production process to another country. However, its competitor, Firm B, has introduced a similar product in the market at a lower price. In which phase of the product life cycle is Firm A?

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above