The cost to serve percentage for a customer equals ________
A) gross margin per unit divided by selling price per unit
B) contribution margin per unit divided by selling price per unit
C) cost of goods sold per unit divided by selling price per unit
D) costs associated with customer divided by sales revenue
D
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Before a new phone system was installed, the amount a company spent on personal calls
followed a normal distribution with an average of $500 per month and a standard deviation of $50 per month. Refer to such expenses as PCE's (personal call expenses). Find the probability that a randomly selected month had PCE's below $350. A) 0.3000 B) 0.9987 C) 0.0013 D) 0.7000
The Australian government has opened a for-profit tourist information center in New York City. If a dispute arises over the lease of the storefront, may the landlord sue the Australian government in the United States courts?
A) Yes, because the Australian government was engaged in a commercial activity. B) No, because the Foreign Sovereign Immunities Act forbids U.S. courts from hearing any case (without exception) that involves a foreign government. C) No, because the only way the Australian government can be sued is if it signed a written waiver of immunity. D) Yes, because the Australian government violated international law.