“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! :)
Answer:
$4,800
Explanation:
The computation of additional annual cash inflow is shown below:-
Saving in Annual Maintenance Cost by new machine = $15,000 - $6,000
= $9,000
Net savings on Maintenance = $9,000 × (1 - 0.4)
= $5,400
Decrease in Depreciation due to purchase of New machinery
= ($60,000 ÷ 10) - ($45,000 - 10)
= $6,000 - $4,500
= $1500
Tax to be paid due to decrease in Depreciation = Decrease in Depreciation due to purchase of New machinery × Tax rate
= $1,500 × 0.4
= $600
Net Annual cash Inflow due to new machinery = Net savings on Maintenance - Tax to be paid due to decrease in Depreciation
= $5,400 - $600
= $4,800
So, for computing the additional annual cash inflow we simply applied the above formula.
Answer:
C) used to record an adjustment to Bad Debt Expense for the year ending December 31, 2021.
Explanation:
Retained earnings account cannot be adjusted after December 31 (or whenever the balance must be done), but bad debt expense can be adjusted, specially if it increases.
Generally a company estimates it bad debt expense, the different methods used to estimate bad debts (allowance, percentage or aging methods) are used more commonly than the direct write-off method. But as every estimate, they can be close to reality or not.
E.g. some companies might have a very important client that represents a large portion of their credit sales, and if suddenly that large client that had always paid on time defaults, that event must be included in the balance sheet since the bad debts expense will increase significantly.
Answer:
b) Dwight is liable for negligence because Stan did not knowingly assume the risk that Dwight would hit a shot in his direction
Explanation:
In this scenario there was an agreement between Stan and Dwight where Dwight asked Stan to drive ahead in the golf cart to see if they could hit their shots.
However Stan drove the cart over the hill, saw the green was clear, and started driving back to the tee box.
Instead of waiting as agreed Dwight made a shot that hit Stan on the head injuring him.
Dwight is liable in this case because he was supposed to wait and get feedback from Stan before making a shot.
He knowingly made the shot knowing there was a blind spot.
This is negligence on Dwight's part.
Answer:
Cyberloafing
Explanation:
Cyberloafing is a when an employee uses their Internet access at work for personal use while pretending to do legitimate work.
An example of cyberloafing is when an employee is supposed to be entering data on Microsoft excel decides to check her Instagram
