Answer:
$12.5(at least) would be needed to induce Lisa for driving Uber instead of working on web designing.
Explanation:
Lisa makes $25 per job on web designing from her home and in the first hour she can complete 2 additional jobs. But as per the question by the eight hour she can only do .5 jobs which means that for the eight hour she would earn -
.5 x $25 = $12.5 ( per job she gets $25)
So if Lisa goes on doing work as uber driver she is going to loose $12.5 in the eight hour , so we can say that if Lisa is offered $12.5 hourly rate to work as cab driver then she is not going to miss out on the money she would have made as web designer from home.
A general decrease in wages will result primarily in the aggregrate demand curve shifting to the shifting to the right.
<h3>What is the impact in the decrease in wages? </h3>
When there is a decrease in wages, it becomes cheaper to hire labor. As a result, there would be an increase in the demand for labor. This would shift the demand curve for labor to the right.
The decrease in wages, would shift the long run aggregrate supply curve to the left.
To learn more about the demand curve, please check: brainly.com/question/25140811
The Pricing strategy which Dream Homes implemented is known as Price lining (Option A) which categorized the prices accordingly with the financial soundness of the customers.
Explanation:
The demand for more goods always plays a vital role in ensuring good sales. The likes of the customers towards particular products depend upon the nature of unique features and its fine quality. By capturing the pulse of the purchasing power of the customers, the business ventures fixed the prices according to the level of economical weaker sections, middle, and high-income groups.
In this case, Dream Homes fix the price of freezers by measuring the ability of customers' to buy them without compromising with the customers requirements. Dream Homes uses the price lining method to gain customers' reputation by selling the products accordingly with their status of income level.
Answer:
C) A 25% increase in sales resulting in a 30% increase in net operating income.
Answer:
Bad debt expense A/c Dr $4,900
To Allowance for doubtful debts $4,900
(Being bad debt expense is recorded)
Explanation:
The journal entry is shown below;
Bad debt expense A/c Dr $4,900
To Allowance for doubtful debts $4,900
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= Net Credit sales × estimated percentage given - credit balance of allowance for doubtful debts
= $920,000 × 0.6% - $620
= $5,520 - $620
= $4,900
