Business calc - Study guides, Class notes & Summaries

BUSINESS CALCULUS TEST 1 EXAM QUESTIONS WITH CORRECT ANSWERS

The AWP for one hundred alprazolam 0.5 mg tablets is $115.50. If your pharmacy's retail price is AWP plus a $10.00 dispensing fee, what will be the retail price for ninety alprazolam 0.5 mg tablets? $93.95 $103.95 $113.95 $123.95 - Answer $113.95 Your pharmacy pays $6.50 for a 100-count stock bottle of atenolol 25 mg tablets. How much does the pharmacy pay per tablet? $0.065 $0.65 $6.50 $65.00 - Answer $0.065 Which definition best describes cost? The "sticker" price...

Most companies calculate the finance charge on credit card accounts as a percentage of the: - Answer Average daily balance In calculating the daily balance, cash advances are: - Answer Added in The average daily balance is equal to the sum of daily balances: - Answer Divided by number of days in billing cycle Dan Miller bought a new Toyota truck for $28,000. Dan made a down payment of $6,000 and paid $390 monthly for 70 months. The total finance charge was: - Answer $5,300 ...

Which of the following statements explains the high inventory turnover rate at hospital pharmacies compared to retail pharmacies? - Answer Hospitals stock a small variety of medications within each therapeutic class A pharmacy had $2,658,555 in total sales for the month of July. At the end of the year, the pharmacy totaled $168,258,444 in sales. The cost of goods sold in July totaled $1,635,985. Which of the following is the gross margin in July? - Answer $1,022,570 A prescription fo...

BUSINESS CALCULUS EXAM QUESTIONS WITH VERIFIED ANSWERS

Business Calculations with complete solutions

Business Calculations (Part 4-1) with complete solutions

Average sales per month - Answer total sales/number of months simple payback - Answer sum invested/net cash Average annual return - Answer total profit of investment/number of years of investment average rate of return - Answer average annual return/initial outlay x 100 net present value - Answer discount factor x cash flow expected profit - Answer profit x probability working capital - Answer current assets - current liabilities net assets - Answer n...

Your pharmacy's income is $1,654,225 and has the following overhead. What is your pharmacy's net profit? Pharmacist Salary $235,000 Technician Salaries $ 75,000 Rent $ 14,000 Utilities $ 5,000 Maintenance $ 3,000 Liability Insurance $ 4,500 Business Insurnace $ 4,500 Drug Purchases $625,000 - Answer $688,225 Which definition best describes cost? - Answer Amount a pharmacy pays for a drug The AWP for ninety tablets of Savaysa 60 mg is $997.92. If your pharmacy's ret...

Read the following three statements A, B and C. Based on the statements A, B and C, given above, which one of the following is correct? - ANSWER-C. If f'(x) > 0 in (a,b) and f"(x) < 0 in (a,b), then the graph of f(x) is decreasing AND concave down in (a,b). C. The Statements A and B are true Find dy/dx by implicit differentiation of x^3 - xy + y^2 = 4 and evaluate dy/dx at (0,-2) - ANSWER-C. dy/dx = y-3x^2/ 2y-x; dy/dx at (0,-2) = 1/2 The radius r of a circle is increasing ...