The CRT TV becomes an inferior good because the good becomes perceived as being of lower quality than a flat screen TV. Inferior goods are goods whose demand decreases when consumer income rises or their demand decreases when the consumer income decreases unlike normal goods. The demand of such goods declines as the level of income or real GDP in the economy increases. Normal goods experiences an increase in demand along with increase in the income level.
Answer:
The definition becomes defined in the clarification section below, as per the particular circumstance.
Explanation:
<u>Meeting customer expectation</u>:
- This metric of success would reflect just how much the clients are represented. It will represent the quality of the service of the business and will provide them with crucial input. This metric would help the organization address the trouble areas. If the degree of customer loyalty rises, sales will also rise because more and more clients enjoy the company’s products or services.
- This would also show the pattern of clients as well during the company's measures to handle the issue.
<u>Productivity</u>:
- This is a significant parameter that indicates how much is expended on activities and whether the business gets in exchange. It extends from financial return with the introduction of new goods from marketing and distribution activities to return on invested capital. Productivity is closely linked to organizational financial efficiency.
- When productivity rises, profits rise as well. In terms of their historical and present performance, data analytics can help to decide how and why the multiple fields work.
<u>Cash flow</u>:
- It explains how well the cash flows within and without the organization. If the business later collects reimbursement from consumers but earlier pays its vendors, then it suggests significant operating inefficiency.
- These efficiencies should be worked out by the organization to minimize operational expenses and preserve favorable cash flow to boost the company's financial well-being.
Answer: 0 years
Explanation:
The payback period calculates the amount of time taken to recoup the initial investment made in a project or in the purchase of a machine or building. It calculates how long the cumulative cash flow generated from a project equals the cost of the project.
The payback period for both machines are zero years because the cumulative cash flow is less than the cost of the machine.
For machine A - cumulative cash flow- $-47,000 is less than -$71,000
For machine B - cumulative cash flow, -$7,000 is less than -$52,000
Explanations on how the figures were derived is found in the attached tables.
Answer:
The answer to this question is given below in the explanation section.
Explanation:
Constructive criticism is the process to offer valid and well-reasoned reponed or opinion about other works, it includes both positive and negative comments in a friendly way rather than an oppositional one.
There are four traits of constructive critisim.
So, the correct answer to this question is given below:
D: Positivity, Solution-Oriented, Specific, and private.
While other options are not correct because the four traits of constructive criticism are starting from positivity, solution-oriented, specific, and private.
Answer:
$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.
Explanation:
If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:
Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30
Dr Accounts receivable 2,600
Cr Sales revenue 2,600
Dr Cost of goods sold 1,700
Cr Merchandise inventory 1,700
