The manufacturer is using PRICE PACKS. Price packs is a consumer promotion tool that provides consumers with reduced price for a particular product. The reduced price is often written on the pack of the product. This strategy is used to boost sales over a short period of time.
Answer:
C. 2.00
Explanation:
We have been the mean of television sets in a household is 3.5 and the standard deviation was 0.75.
We will use z-score formula to solve our given problem.
, where,
,
,
,
.
Substitute the given values:
Therefore, the standardized value corresponding to 5 televisions would be 2.00 and option C is the correct choice.
Answer:
B. The required rate of return must exceed the growth rate.
Answer: $900
Explanation: LIFO inventory costing method.
This means Last In First Out method. Since the last stock for the year was bought in Nov and the company sold 150 units.
Using LIFO method, 150 * $6 = $900