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3 years ago

What ultimately determines if a good is classified as an industrial good or a consumer good?

1 answer:

5 0

<h2>The component whether it is "ready to use or a raw material" ultimately decides whether it is a consumer good or industrial good.</h2>

Explanation:

Let us understand the terms:

Consumer goods:

Satisfy the need of the consumer
Ready for consumption
Also called final good
Eg. Clothing, drinks and food
Stocked on store shelves
There are 3 categories: Durable goods, non-durable goods, or consumer services.

Industrial goods:

At the most it will be raw materials, plants, machinery, etc
There are two types: production goods and support goods
Used for industrial and business use
Based on the demand and consumer need, industries prepare products with the help of raw materials.

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What is it called when a company sells unused assets for a promise to buy them or similar assets back at roughly the same price?

Lisa [10]

Round-tripping is when a company sells unused assets for a promise to buy them or similar assets back at roughly the same price.

Round tripping occurs when one company sells unused assets to another party in order to generate sales, and later buys the assets back. For instance, a real estate company sells several properties to a related party in exchange of money and then buys them back a year later for the same price.

So doing this generates sales not only for the original seller, but also for the related party when it sells the properties back. The government also uses round-tripping in times of recession to increase money flow in the market.

Hence, round-tripping refers to money that leaves the country and makes its way back into the country though various channels.

To learn more about unused assets here:

brainly.com/question/23946350

#SPJ4

7 0

2 years ago

Desert Company reports the following Income Statement accounts on its Trial Balance for the year ended December 31, 2020: Sales

Anni [7]

Answer:

a. $73,000

Explanation:

According to the scenario, computation of the given data are as follow:-

Desert company income statement

Particular Amount ($)

Total Revenue (sales revenue + interest revenue) 287,000

Total expenses excluding loss from discontinuing operation

($246,000 - 32,000) -214,000

Income from continuing operations before income tax 73,000

Working notes:

Total Revenue =Sales Revenue + Interest Revenue

= $280,000 + $7,000

= $287,000

Total Expenses = Cost of Goods Sold + Administrative Expenses + Loss on Disposal of Equipment + Sales Commission Expense + Loss From Discontinued Operations + Bad-Debt Expense

= $170,000 + $20,000 + $8,000 + $12,000 + $32,000 + $4,000

= $246,000

3 0

3 years ago

Investment A has an expected return of 14% with a standard deviation of 4%, while investment B has an expected return of 20% wit

Alex

Answer:

d. rational investors could pick either A or B, depending on their level of risk aversion

Explanation:

In making investment decisions investors use various analysis to make an informed decision on which assets will suit their needs.

Two of such analysis are returns standard deviation.

Returns shows the percentage of original investment that is expected to come back as profit.

Standard deviation is the tendency of investment performance to deviate from a mean value.

The higher the standard deviation the more the risk of getting low returns or getting higher profit. This is well suited to risk takers.

The lower the standard deviation the less variance from a mean value, so risk averse investors will prefer this.

In the given scenario risk averse investors will prefer Investment A with expected return of 14% with a standard deviation of 4%. Because of the low standard deviation.

Risk takers will prefer investment B with expected return of 20% with a standard deviation of 9%. Because of the higher standard deviation.

7 0

3 years ago

Sheridan Enterprises reported cost of goods sold for 2020 of $1,322,900 and retained earnings of $4,854,000 at December 31, 2020

NemiM [27]

Answer:

See below

Explanation:

1. Corrected amounts for 2020 cost of goods sold

= Cost of goods sold for 2020 - December 31, 2019 ending inventories overstated + December 31, 2020 ending inventories overstated

= $1,322,900 - $106,470 + $36,820

= $1,253,250

2. Correct amounts for December 31, 2020 retained earnings

= Retained earnings December 31, 2020 - December 31, 2020 ending inventories overstated

= 4,854,000 - $36,820

= $4,817,180

3 0

3 years ago

Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains units of prote

m_a_m_a [10]

Answer:

hello your question is incomplete below is the complete question

Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains 3 units of protein, 1 unit of carbohydrates, and 2 units of fat and costs 80 cents. Each can of brand B contains 1 unit of protein, 1 unit of carbohydrates, and 6 units of fat and costs 50 cents. Mr. Smith feels that each day his dog should have at least 6 units of protein, 4 units of carbohydrates, and 12 units of fat. How many cans of each dog food should he give to his dog each day to provide the minimum requirements at the least cost? *Mr. Smith should give his dog ___ can(s) of brand A and ___ can(s) of brand B

answer : 1.5 cans of brand A and 1.5 cans of brand B

Explanation:

Food A contains :

3 units of protein , 1 unit of carbohydrates, 2 units of fat

cost of food A = 80 cents

Food B contains :

1 unit of protein , 1 unit of carbohydrates, 6 units of fat

cost of food B = 50 cents

minimum ingredients required in the dog food daily

6 units of protein , 4 units of carbohydrates, 12 units of fat

In order to achieve the minimum/least cost of 195 cent. Mr. smith should give his dog 1.5 cans of Brand A and 1.5 can of brand B

attached below is the detailed solution

7 0

3 years ago