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DiKsa [7]
3 years ago
9

Delta airlines prices its tickets so that it is less expensive to travel between midnight and 5:00

Business
1 answer:
svp [43]3 years ago
4 0
There are different types of pricing strategies: penetration pricing (entering the market with a low price), economy pricing (low marketing and low prices), premium pricing (when the price is higher than the competitors), psychological pricing (example $99, instead of $100), demand-based pricing (based on the demand of the customers).
<span>Delta airlines prices its tickets so that it is less expensive to travel between midnight and 5:00
a.m. than during the day, when there is heavy business travel. this illustrates demand-based pricing.</span>
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A group of political leaders believe that businesses should switch to using renewable energy. A factory owner argues that his bu
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3 years ago
Gonzalez Company has been in business for several years. At the end of the current year, the ledger shows:
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Debit : Bad Debts = $16,370

Credit : Allowance for doubtful debts = $16,370

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The initial entry for allowance for doubtful debts is incorrect, hence it would have to be corrected before the new amount can be recorded. Correction:

Debit : Allowance for doubtful debts = $7900

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The accounts will be cancelled off and the new entry can be recorded...

Debit : Bad Debts = $16,370

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When the amount is officially declared uncollectible, the allowance for doubtful debts account will be debited and the accounts receivables account will be credited.

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3 years ago
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