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3 years ago

What is the difference between industrial and consumer goods?

2 answers:

7 0

Industrial goods are bought and used for industrial and business use. Consumer goods are ready for the consumption and satisfaction of human wants. While industrial goods are made up of machinery, plants, and raw materials, consumer goods are commodities purchased by a buyer like clothing, food, and drinks.

lina2011 [118]3 years ago

4 0

“Industrial goods are materials used in the production of other goods.” “Consumer goods are finished products that are sold to and used by consumers”

LINK TO WHERE I FOUND THAT INFO:
https://www.investopedia.com/ask/answers/050415/how-are-industrial-goods-different-consumer-goods.asp

Hope that helped have a great day! :)

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El Tapitio purchased restaurant furniture on September 1, 2021, for $45,000. Residual value at the end of an estimated 10-year s

muminat

Answer:

$1,300 and $3,900

Explanation:

The computation of the depreciation expense for the year 2021 and 2022 using the straight line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($45,000 - $6,000) ÷ (10 years)

= ($39,000) ÷ (10 years)

= $3,900

In this method, the depreciation is same for all the remaining useful life

For the year 2021, it is

= $3,900 × 4 months ÷ 12 months

= $1,300

The four months are taken from Sep 1 to Dec 31

And, for the year 2022, it is $3,900

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3 years ago

A farmer purchased a module builder for $50,000. The bank is willing to loan him $37,000. The terminal value of this investment

Allisa [31]

Answer:

the after tax terminal value would be $14,500

Explanation:

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3 years ago

There are two goods, apples and oranges, in a country. If the relative price of apples (in terms of oranges) is 4 and the opport

tino4ka555 [31]

Answer:

The workers will only produce oranges.

Explanation:

'Opportunity cost' is an important concept which shows the relationship between choice and scarcity. For example: One can spend money and time on one thing at a time but loses the opportunity do perform the other things, which would be his opportunity cost. Like you take a vacation for the money you have but the opportunity cost is not having a new car.

Relative price is the price of one commodity in terms of another. In the given situation, opportunity cost of an apple is 3 oranges and relative price of apple is 3, so the workers will produce only oranges, as it will be more profitable.

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3 years ago

According to liquidity preference theory, a decrease in the price level causes the interest rate to:a. increase, which increases

mojhsa [17]

Answer:

The correct answer is (B)

Explanation:

Liquidity preference theory emphasised on the interest which investors should demand on long-term investments due to the risk they carry. According to liquidity preference theory, a decrease in the price level shifts the money demand curve leftward. A leftward movement of the money demand curve increases the overall quantity demanded. In that regard, a decrease in interest rate increases the demand for goods and services demanded.

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3 years ago

Your friend fills out their first tax form and is confused between adjusted and gross income. How can you explain the difference

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3 years ago