AFM 112 - Chp 5 Flashcards
1
Q
does the input retail price unit contain sales tax?
A
yes, it includes HST
2
Q
What’s the inputs for profit
A
revenue - cost of goods sold (COGS)
3
Q
what are the inputs for finding revenue?
A
product price per unit x amount of unit sold
4
Q
how to find produce price unit?
A
retail price unit/1.13
5
Q
what are the inputs for Cost of goods sold?
A
product cost per unit x units sold
6
Q
what are the steps to writing simple algorithms?
A
define the problem by identifying the list of inputs (relevant data), outputs and processes (actions needed to produce the output)
7
Q
A
