2.54pointsProblem 8-5 Computing Unit Prices [LO8-2]Calculate the unit price of each of the following items.Note: Enter your answers as cents rounded to 1 decimal place.ItemPriceSizeUnit PriceeBookMotor oil$ 1.352.0 quartscents per quart-AskCereal2.1512 ouncescents per ouncePrintCanned fruit0.7113 ouncescents per ounceReferencesFacial tissue2.40290 100 tissuescents per 100 tissuesShampoo3.3512 ouncescents per ounce

1. 67.5 cents per quart2. 17.9 cents per ounce3. 5.5 cents per ounce4. 0.8 cents per hundred-pack…

Answered: 2.5 4 points Problem 8-5 Computing Unit…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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13.Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost (in $) Amount ofMarkup (in $) Selling Price PercentMarkupBased onSelling Price Bicycle $ $ $155.50 60%
To make sure they have enough stock, a department store implements a new application that analyses customers spending pattern and verify this data to popular clothing styles. Which of the following business objective is this information intended to support? [Untuk memastikan mereka mempunyai bekalan yang cukup, sebuah pusat membeli-belah melaksanakan satu aplikasi baharu yang menganalisa tahap perbelanjaan dan mengesahkan data tersebut dengan gaya gaya pakalan popular Manakah antara: objektif perniagaan berikut yang disokong oleh maklumat data itu? U a. Customer intimacy. [Keintiman pelanggan.] O b. Survival. [Kelangsungan hidup.] Oc. Operational excellence. [Kecemerlangan operasi.] O d. Improved decision making.
17. Which of the following is MOST CRITICAL as the first step in determining the price which you should set for your product? Group of answer choices: The price a retailer believes is best. The cost to make the product. Correctly allocating overhead costs across unit sales. Knowing the value your product delivers to customers.
Type the correct answer in each box. Spell all words correctly. Which term describes a business that gives users access to the Internet for monthly, quarterly, or yearly charges? A(n) is a business that provides users the access to the Internet for monthly, quarterly, or yearly charges.
Melting aluminum takes a lot of electricity. You have a company that melts and forms aluminum into bars such that the cost of electricity varies directly with the amount of aluminum bars produced. If this represents the vast majority of all electricity usage, which is the best option for classifying your monthly electrical costs? O Product Cost and Fixed Cost O Period Cost and Fixed Cost Product Cost and Variable Cost O Period Cost and Variable Cost
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount ofMarkup (in $) Selling Price PercentMarkupBased onSelling Price Textbook $32.22 $ $52.50 %
The more formal "business 3 points attire" look of corporate dress of the 1980s and 1990s gave way to the "business casual" look of the 2000s and 2010s. This is an example of a: * Business Casual vs. Business Fad Style O Subculture Fashion
Which cereal is the better buy: Brand A, on sale at $10 for five 12.8-ounce boxes or Brand B, which costs $10 for four 16.9-ounce boxes?
Our class has found a local store that would like to sell our student's totes. We decide that we will sell her the totes for $8 (our sell price which becomes the retailers unit cost). The retailer calculates her sell price (price to consumers) by using Mark Up pricing. Her Mark Up (%) is 85%. What will be the retailer's sell price? Round to the nearest WHOLE number. Do not enter $. Do not enter cents.
21) Which of the following statements is not correct about pricing and prices? Select one: a. It is the sum of all the values that customers sacrifice to get beoefits of having a product. b.itis the amount of money charged for a product or a service c. itis the only element in the marketing mix that produces revenuer all other elemests represent cost. d. itis one of the least important elements that determine a firm's mariket share and protitability
4. Astore is currently offering a 60% discount on all items purchased. Your cashier is trying to convince you to open a store credit card and says to you, "In addition to the 60% discount you are receiving for purchasing these items on sale today, you will get an additional 20% off for opening a credit card account. That means you are getting 105% off!" %3D a. What is the mistaken assumption here? b. Why is that assumption incorrect? c. If you did truly have 80% discount, explain what should happen when you go to the counter to buy $500 worth of items? show calculation d. If you got your 60% discount and opened up the card for an additional 20%, what is the actual % discount you would receive? show calculation e. Is it better to apply the 60% discount first or the 20% discount first?_show calculation
The inefficiency of second best pricing is larger.. Select one: a. all the other alternatives are correct O b. the larger is the quantity distortion compared to first best pricing O c. the less elastic is the demand function O d. the smaller are the economies of scale

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