Multiple Choice
What is the first step in creating a budget?
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1. Introduction to Accounting
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
If a 16 fluid ounce bottle of shampoo costs $8.00, what is the unit price per fluid ounce?
A
$1.00 per fluid ounce
B
$0.50 per fluid ounce
C
$2.00 per fluid ounce
D
$0.25 per fluid ounce
Verified step by step guidance1
Identify the total cost of the shampoo, which is $8.00, and the total quantity, which is 16 fluid ounces.
Understand that the unit price is calculated by dividing the total cost by the total quantity.
Set up the formula for unit price: .
Perform the division to determine the cost per fluid ounce. This will give you the unit price.
Compare the calculated unit price to the provided options to identify the correct answer.
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