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4 years ago

How are industrial goods different from consumer goods? Explain

2 answers:

7 0

Industrial goods are made up of machinery manufacturing plants and any other good or component used by other industries or firms. Consumer goods are ready for the consumption and satisfaction of human wants, such as clothing or food or toys.

Hope this helps!

Anika [276]4 years ago

4 0

Answer:

Industrial goods are purchased by companies that use them for their regular business purposes, e.g. for manufacturing other products. While consumer goods are purchased and consumed by individuals to satisfy their personal needs and wants.

Industrial goods usually include: machinery, raw materials, equipment, power generators, etc.

Consumer goods usually include: food, clothes, furniture, household appliances, etc.

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If an automobile manufacturer discovers a potentially hazardous defect in the product, the subsequent recall of the vehicles is

barxatty [35]

The United States Consumer Product Safety Commission, also known as CPSC, would be responsible for enforcing the recall on a defective vehicle. This is an independent federal agency that is responsible for protecting the people from risks or injuries that are unnecessary and could be prevented when it comes to consumer goods. This group was established by Congress in 1972.

3 0

4 years ago

Park Corporation is planning to issue bonds with a face value of $710,000 and a coupon rate of 7.5 percent. The bonds mature in

Fudgin [204]

Answer:

Journal Entry

Issuance of bond

Dr. Cash $$669,387

Dr. Discount on Bond $40,613

Cr. Bond Payable $710,000

Explanation:

Price of the bond is the present value of all cash flows associated with bond.

Use following formula to calculate the issuance price f the bond

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

As per given data

Face Value = $710,000

Coupon payment = $710,000 x 7.5% x 6/12 = $26,625 semiannually

Number of periods = n = 8 years x 2 period per year = 16 period s

Market interest rate = 8.5% annually = 8.5% / 2 = 4.25% semiannually

PLacing values in the formula

Price of the Bond = $26,625 x [ ( 1 - ( 1 + 4.25% )^-16 ) / 4.25% ] + [ $710,000 / ( 1 + 4.25% )^16 ]

Price of the Bond = $304,598.24 + $364,788.66 = $669,386.90 = $669,387

Discount on the bond = $710,000- $669,387 = $40,613

8 0

3 years ago

Identify which of the following items would be reported in the income statement. a. Cash d. Wage expense g. Net income b. Sales

Inessa05 [86]

Answer:

Items b, d, g, h, and i

Explanation:

The following items from the given question would be recorded in the income statement;

b. sales

d. wage expenses

g. net income

h. inventory

i. cost of goods

4 0

3 years ago

A universal life policy has a death benefit of $125,000 and a cash accumulation value of $15,000. Generally, what will happen to

GrogVix [38]

Answer:

The death benefit or cash accumulation will be reduced by the partial withdrawal.

Explanation:

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3 years ago

Payroll deductions are the same for all employees. True False

umka2103 [35]

Answer:

may be yeah...it can be true

7 0

3 years ago

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