You've purchased a 1 liter bottle of Coffee Liqueur for $19.95. You serve the liqueur in 1.5 oz. drinks. 1) How many drinks can be obtained from the bottle? drinks 2) What is the cost per drink? $ 3) If you want the beverage cost percent to be 18%, how much should you be charging for each cocktail? $ per drink

All of these statements about price are true except which? Multiple Choice   The price must generate enough sales dollars to pay for the cost of developing, producing, and marketing the product.   The price for a product or service must earn a profit for the company.   Small changes in price can have big effects on both the number of units sold and company profit.   For most products and services, there is an agreed-upon price range set by makers.   The price must be “right”—in the sense that customers must be willing to pay it.

A bakery sells pretzels. The fixed costs come to $8,750.00 per month. It costs 25 cents to make each pretzel, and the bakery charges $1.50 per pretzel. How many pretzels do they have to sell to break-even.

A grocery store sells a bag of 4 oranges for $2.84. How much would it cost for 5 oranges?

An apartment complex has a vacancy rate of 5%. If the apartment's PG is $450,000, what is the apartment's vacancy cost? $32,000 $22.500 S2.050 $47,500

What are the EOL values? Which of the two funds appears to have more EOL? Which fund would you recommend? Explain.

A clothing retailer priced a shirt at $54.  New styles were coming in, so the price was reduced 25%. Two months later, as the season was coming to a close, the price was reduced an additional 30%.  Calculate the reduced price, after the second markdown.

A property's annual property taxes equaled $7,560. The seller owes the buyer for 20 days of prorated property taxes. Using the 360-day calendar, how much does the seller owe the buyer? $420 $1,950 $360 $2,100

Please show all work and explain answer. OneRing Company sells memorabilia to residents of Middle-Earth. They are about to invest $6 million in a new ring making plant.   Fixed costs of operating the plant are $1 million a year. The ring costs $60/unit to manufacture (variable cost) and will be sold for $200/unit. The plant will last for 5 years, and will be depreciated over 5 years to zero using the straight-line method. The plant will have no salvage value after five years.   Net working capital requirements are negligible for this project. Assume there are no taxes in Middle-Earth, and that the appropriate discount rate for the project is ten percent.   How many rings per year must OneRing sell in order to break even?

117) Which of the following represents value in use but not value in exchange? a) Using oxygen from air to breathe b) Purchasing oxygen in a cylinder c) Prescription drugs d) OTC drugs