Javika Went Grocery Shopping

question 9

Multiple Choice

Javika went grocery shopping.She bought 3 cans of soup for $1.85 each,a box of crackers for $4.39,and two loaves of bread for $3.39 each.After paying the cashier,she received $3.28 back in change.How much money did she give the cashier? This question would be best solved by using the ___method.

• A) forming subgoals
• B) working backward
• C) trial and error
• D) using an analogy

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Definitions:

Unit Contribution Margin

The measured profit that each unit sold contributes toward fixed costs and profit, calculated by subtracting variable costs from the sales price per unit.

Operating Income

Earnings before interest and taxes (EBIT), which represents the profit a company earns from its core operations.

Fixed Costs

Overhead expenses that remain constant regardless of the volume of activity or production levels within a company.

Cost-volume-profit Analysis

An accounting tool used to determine the effects of changes in costs and volume on a company's profits.