Remember for a moment a recent trip you have made to the grocery store to pick up a few items. what pieces of data did the point of sale (pos) terminal and cashier collect from you and what pieces of data about the transaction did the pos terminal pull from a database to complete the sale? in addition to the data collected and retrieved what information was generated by the pos terminal at the end of the order, as it is being completed? identify the following parts of a common grocery store transaction as data, information, or knowledge.

1. an item's upc number

2. change back to customer

3. general changes to demand in different seasons

4. cost each

5. quantity purchased

6. non-taxable total

7. extended cost (quantity times cost each)

8. amount tendered

9. sales of an item for the last week

10. upcoming holidays and customer's special needs

11. how paid (cash, charge card, debit card)

12. shopper loyalty card number

13. taxable total

Amarket is said to be equilibrium when quantity demanded is equal to quantity supplied. critically analyse the above statement by giving different types of market

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?