--%>

Define Goods

Define Goods briefly as an inventory?

E

Expert

Verified

Goods are another name of inventory. Such are the products in which company deals. Each and every trading company purchase goods at lower cost and sell at higher price for earning gain. However all manufacturing companies purchase raw material or goods and manufacture in factory. After packing such goods, such are sold in market.

   Related Questions in Financial Accounting

  • Q : Function of budgetary control play in

    Describe the function of budgetary control play in cost control? And also write down the requirements for its triumphant execution?

  • Q : Help Otobai Motor Company is currently

    Otobai Motor Company is currently paying a dividend of $1.40 per year. The dividends are expected to grow at a rate of 18% for the next three years and then a constant rate of 5% thereafter forever. What is the value of its current stock price? Assuming that the discount rate is 10%.

  • Q : Interest rate parity for determination

    Describe the allegations of interest rate parity for the determination of the exchange rate.

  • Q : Commercial bank problems Select the

    Select the right answer of the question. Assume that, for every 1-percentage point decline of the discount rate, commercial banks collectively borrow an additional $2 billion from Federal Reserve banks. Also suppose that reserve ratio is 20 percent. If the Fed incre

  • Q : Goals of Social Democrats What were the

    What were the goals of Social Democrats? What did Anarchists want?

  • Q : Foreign subsidiary conforming norm of

    Specify some conditions under which you would suggest that foreign subsidiary conforms to local norm of the financial structure?

  • Q : Money how much money do i have to earn

    how much money do i have to earn monthly?

  • Q : Political risk in capital budgeting How

    How would you include political risk within the capital budgeting process of foreign investment projects?

  • Q : Country and political risk What is

    What is country risk and how it is different from the political risk?

  • Q : Define the term Accounts Receivable

    Accounts Receivable: The money owed by customers (that is, individuals or corporations) to other entity in exchange for services or goods that have been employed or delivered, however not yet paid for. Receivables generally come in the form of operati