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1 year ago

The existence of financial middlemen and financial intermediaries increases the efficiency of the financial markets.

1 answer:

3 0

It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market

<h3>Who are financial intermediaries?</h3>

This refers to those entities that acts as the middleman between two parties in a financial transaction such as a commercial bank, investment bank, mutual fund, or pension fund. They offer a number of benefits to the average consumer such as safety, liquidity, and economies of scale involved in banking and asset management.

However, It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market because only the buyers and seller influence an efficiency of the financial market.

Read more about financial intermediaries

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A company produces alternators for cars. They generally use a static budget with the following costs based on 8,000 units per mo

Daniel [21]

Answer:

$70,875

Explanation:

By definition, a flexible budget is when a budget has been adjusted or flexed to accommodate the changes in the level of activity.

If the company wanted to create a flexible budget for 9,000 units, then the value that would be recorded for variable costs will be:

Indirect materials, $22,000/8000*9000 = 24,750;

Indirect labor, $25,000/8000*9000 = 28,125 ;

Utilities, $12,000/8000*9000 = 13,500;

Supervision, $4,000/8000*9000=4,500

Total of variable costs = ........................70,875

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3 years ago

When the economy is doing badly, which of the following workers is NOT likely to have fewer customers or patients who want their

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3 years ago

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Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for

coldgirl [10]

Answer:

Option (A) is correct.

Explanation:

Given that,

Order costs for pepperoni = $10.00 per order

Carrying costs = 4 cents per pound per day

Lead time for each order = 3 days

Pepperoni itself costs = $3.00 per pound

Total Order = 80 pounds of pepperoni

Demand rate = 20

Total ordering cost = Total order × cost per order

= 80 × $10

= $800

Length of an order cycle:

$=\frac{Order\ quantity}{Demand\ rate}$

$=\frac{80}{20}$

= 4 days

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3 years ago

White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin

Blababa [14]

Answer and Explanation:

The computation of the predetermined overhead rate is shown below:

For Cutting department

= Variable manufacturing overhead per machine hour + (Total fixed manufacturing overhead ÷ machine hours)

= $2 + ($264,000 ÷ 48,000)

= $2 + $5.50

= $7.50

For finishing department

= Variable manufacturing overhead per direct labour + (Total fixed manufacturing overhead ÷ direct labor hours)

= $4 + ($366,000 ÷ 30,000)

= $4 + $12.20

= $16.20

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3 years ago

EMD Corporation manufactures two products, Product S and Product W. Product W is of fairly recent origin, having been developed

Julli [10]

Answer:

Explanation:

Direct labour hours work during the period:

Product S=72,400 units×1 hour=72,400 hours

Product W=18,100 units × 3 hours=54,300 hours

Total labour hours=126,700 hour

Predetermined overhead rate=$958,396/126,700 =7.56 per hour

Unit product cost of S = Direct Material cost + Direct labour cost + Overhead = 12+16+7.56*1 = $35.56

Unit product cost of W = Direct Material cost + Direct labour cost + Overhead = 34+13+7.56*3 = $69.68

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2 years ago