A bank teller's hourly wage will increase from $24 to $27.60. This represents a 15% increase in wages.
Increase by = $27.60 - $24 = $3.60
Increase percentage= $3.60 × 100% / $24 = 15%
What are wages?
A wage is the amount of money that companies give to their employees on an hourly or daily basis. Since a wage is a fixed rate, people usually get paid according to the number of hours or days they worked over the week. For instance, a retail worker who works 30 hours per week could earn $18 per hour.
What happens when the wage increases?
Increased wages lead to inflation because doing business becomes more expensive as workers are paid more by employers. To retain the same level of profitability, businesses must raise the prices they charge for their products and services to offset the cost increase.
Learn more about wages: brainly.com/question/13847060
#SPJ4
Art Projects
Have you ever made a collage as a group, or painted a wall for a community project. Whenever you do something like that you are given a certain piece to do. This is division. When divided the workload becomes easy and light and when working together side by side, you are learning valuable people skills.
if a firm want to adjust the cost of a service by 2% to stay competitive, such firm will be focusing on the <u>Price in marketing mix</u>.
<h3>What is a
marketing mix?</h3>
In marketing, these mix refers to those elements of a business's marketing that are designed to meet the needs of its customers.
The four elements of marketing mix are often called 4 'Ps' and includes:
- price
- product
- promotion
- place.
In conclusion, the firm will be focusing on the Price in marketing mix if a firm want to adjust the cost of a service by 2% to stay competitive,
<u />
<u />
Read more about marketing mix
brainly.com/question/859394
#SPJ1
Answer:
Time period from September 1 - December 31 is 4 months and this means that the tenant has occupied the place for 4 months. Hence, 4 months rent would be accrued.
12 Month rent amount = $24,000
Per month rent amount = $240,00/12 month = $2,000
So, Rent for 4 months = 4 month * $2,000 = $8,000
Adjusting Entry
Date Account titles Debit Credit
Dec 31 Unearned Rent Revenue $8,000
Rent Revenue $8,000
Answer:
The correct answer is Fixed overhead costs.
Explanation:
Fixed overhead costs are those costs incurred by a company that do not depend on the scale of production. There are two main types of expenses in relation to the financial balance of a company. The other type is variable expenses.
A company may encounter many different types of fixed expenses, but they all have something in common. Unlike variable expenses, fixed expenses will be maintained even if the company stops producing goods and services for a while or even if its production increases.
An example of a fixed cost would be the license that a company may need each year to operate, but whose amount does not vary if production increases. If production were increased, the value obtained thanks to that license would increase, but the cost would remain the same. Therefore, fixed costs are essential to take advantage of economies of scale.