A customer purchases a bottle of multivitamins for $12.98 and hands you a $20 bill
Need help with this assignment?Get an original answer from a qualified tutor — from $10/page.
Get it written →1. A customer purchases a bottle of multivitamins for $12.98 and hands you a $20 bill.
a. What is the customer’s change?
b. Describe how many of each bill and coin you would use to make this amount of change. Be sure
to use the smallest amount of bills and coins possible.
2. A customer purchases a box of loratadine for $7.46 and hands you a $50 bill. What is the customer’s
change?
a. What is the customer’s change?
b. Describe how many of each bill and coin you would use to make this amount of change. Be sure
to use the smallest amount of bills and coins possible.
3. While learning about the inventory process your pharmacy uses, you notice that your state’s
regulations are different than federal regulations. How do you know which regulation to follow when
taking inventory of controlled substances?
4. What is a perpetual inventory? What kind of drugs are required to use a perpetual inventory to record
the quantities dispensed and in stock on a tablet-by-tablet basis?
5. You are filling a prescription for Adderall® 20mg tablets #30 for a patient in your pharmacy. Since
Adderall® is a schedule C II controlled substance, you must fill out the perpetual inventory form. Before
you begin counting, the form states you have 360 tablets in stock. How many tablets will you have in
stock after you dispense this medication?
6. Fill out the missing parts of the equation for unit price:
???? ????? = ?
—————
?
7. A bottle of multivitamins containing of 100 tablets costs $5.10. What is the unit price?
8. A bottle of multivitamins containing 300 tablets costs $14.50. What is the unit price?
9. Using the answers from questions 7 & 8, is it a better value to buy the bottle containing 100 or 300
multivitamin tablets?
10. Match the term on the left with the correct term on the right to complete each equation:
Average Daily Product Cost
a. ??????? – ???? ?? ????? ????
Turnover Rate
b. ?????? ??????? ????
————————————
7
Annual Depreciation
c. Revenue – Expenses
Gross Profit
d. ?????? ????????? ????ℎ????
—————————————-
??????? ????????? ?????
Net Profit
e. (????? ???? – ?????????? ?????)
11. Match the term on the left with the correct definition on the right:
Revenue
a. Total amount of income generated by normal
business activities
Dispensing Fee
b. profit a business makes after deducting the costs
associated with selling its products
Overall Cost
c. Amount of income remaining after accounting for
business expenses
Gross Profit
d. purchase price from the wholesaler
Net Profit
e. amount the pharmacy charges for a medication
that is over what they purchased it for
12. If a pharmacy buys a medication for $10, and a patient pays $15 for that same medication, what is the
pharmacy’s gross profit for that sale?
13. An OTC medication, which usually sells for $19.00 is being sold with a 25% discount. What is the new
price that will be paid for this medication.?
Get a plagiarism-free answer to this question
Send us your instructions and we’ll match you with the best writer in your subject.
- 100% human-written, zero AI
- Turnitin report included
- Confidential — we never share your data
- Free revisions & refunds