Olde Store has 12,000 cans of crab meat just a week past the expiration date. Ea

Question

Olde Store has 12,000 cans of crab meat just a week past the expiration date. Each can cost $0.31. The cans could be sold as is for $0.20 each, or relabeled and sold as gourmet cat food. The cost of relabeling the cans would be $0.04 per can and the cans would then sell for $0.29 per can. What should be done with the cans and why? A. The cans should be relabeled into cat food since the sales price increases $0.09 per can and the cost is only $0.04 per can. B. The cans should be thrown away since there will be a loss with the other alternatives. C. The cans should be put on clearance since there is no reason to put more money into something that is already selling below cost. D. It doesn

Explanation / Answer

A. The cans should be relabeled into cat food since the sales price increases $0.09 per can and the cost is only $0.04 per can.

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