How is the price of a meal determined at a Panera Cares Café?
a. Customers decide how much to pay for their meal
b. Meal prices are determined based on the cost of meal preparations
c. Café managers set the prices of the meals each day based on ingredient costs
d. Top management at Panera set a standard price of meals for all café locations.
a. Customers decide how much to pay for their meal
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In the two-period model, a decrease in the real interest rate causes the budget constraint to
A. shift to the left in a parallel fashion. B. shift to the right in a parallel fashion. C. rotate in a clockwise direction. D. rotate in a counterclockwise direction.
Chase Company rents space to a tenant for $3100 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November, December, and January rents in full on January 15 and has agreed not to fall behind again. The adjusting entry needed on December 31 is:
A. Debit Rent Receivable, $6200; credit Rent Earned, $6200. B. Debit Rent Receivable, $9300; credit Rent Earned, $9300. C. Debit Unearned Rent, $6200; credit Rent Earned, $6200. D. Debit Rent Receivable, $3100; credit Rent Earned, $3100. E. Debit Unearned Rent, $3100; credit Rent Earned, $3100.
Calculate the finance charge and monthly payment for the following loan using the APR tables, Table 13-1 from your text, rounding dollars to the nearest cent. Amount Number of Table Finance Monthly Financed Payments APR Factor Charge Payment $1,250 18 12.5%
What will be an ideal response?
Dinpro has been a major player in the surgical supplies market for over two decades. However,
it has steadily lost ground to United Surgicals over the past two years, with over half the customers preferring to do business with it. Identifying this downward trend, Dinpro has decided that it can wrest back the market leader position through a shrewd pricing strategy. Which of the following pricing strategies would best help Dinpro regain the market leader status? A) withdrawing company products from circulation to create an artificial demand and selling products at higher prices B) setting product prices higher than those of United Surgicals to indicate better product quality C) selling products at prices lower than those of the competition to maximize market share D) introducing innovative products and setting their prices high shortly after launch to recoup development costs