For your new candle-making business, you need to purchase a…
For your new candle-making business, you need to purchase a large amount of a unique scented wax. You plan to charge $9.95 per large candle. The wax is available from a U.S. supplier for $24.00 per lb (pounds) and also from a German supplier for is 9.20 GBP (British currency) per kilogram. If the current exchange rate is $1 US dollar = 0.76 GBP and 1 kg = 2.20 lbs (pounds), which supplier is giving the better price? Type either German supplier or U.S. supplier in the textbox provided and in order to get full credit, you must upload as part of your setup showing the cost of wax candles from both suppliers and explain with supporting calculations which one is better and by difference how much? The [answer] is the better supplier. ***This problem will require work and if this problem has no or insufficient work, then 0 points will be awarded even if the answer is correct. You must upload work, not type work In upload work either at the beginning or end of this quiz before submitting. Images must be clear and visible or 0 points will be awarded. For your written work, box your final answer with unit(s). Do not type work in this textbox, handwrite the work out on scratch paper and upload into the exam a spot where it says “No typing answers to questions here. Please upload work here and in the file name have the problem number(s) that the supporting work has.” before clicking on submit assignment = submit exam. NOTE: No work, no credit even if the answer is correct.
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