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vodomira [7]
3 years ago
10

All financial intermediaries are authorized depository institutions by APRA to carry out financial intermediation

Business
1 answer:
VladimirAG [237]3 years ago
7 0

Answer:

The correct answer is the option: True.

Explanation:

First of all, the<em> Australian Prudential Regulation Authority</em> or APRA is the name given to an independent statutory authority whose main purpose is to regulate and supervise institutions across banking, insurance and superannuation and promotes financial system stability in Australia.

Secondly, <em>authorized deposit-taking institutions</em> are those financial institutions that are permitted to accept deposits from the public in Australia and <u>all financial intermediaries that are registered are authorized to carry out financial intermediation</u>.

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The human resource (HR) department of Wardund, an event management company, sent emails to all the employees of the firm, inviti
Marysya12 [62]

Answer:

d. internal recruitment

Explanation:

Internal recruitment is a human resources strategy that seeks to fill vacant job positions from the existing workforce. In internal recruitment, existing employees are given priority whenever a senior position becomes available. The business will usually request qualified and willing employees to apply for the job. The successful applicant will then be promoted to a new role.

Internal recruitment may also involve employees moving within the same level but of different roles.   Advantages of internal recruitment include.

  1. Quicker and more affordable to  recruit
  2. Existing employees are familiar with the business and its operations
  3. Promotions within the company are a motivating factor for employees.
  4. The business knows the strengths and weaknesses of each employee.
7 0
3 years ago
The delivered equipment cost for setting up a production and assembly line for two-way floating ball valves is $650,000. If the
Rom4ik [11]

Answer:

$2,034,500 ; A

Explanation:

In this question, we are asked to calculate cost estimate.

One of the methods which we can use to do this is the cost factor technique.

Mathematically, the estimated total cost will be;

Ct = hCe

Where Ce refers to cost at major equipment and h is the overall cost factor.

From the question, we can identify the following;

Ce is $650,000 while h = 1.82 + 1 + 0.31 = 3.13

Inputing these values in the formula, we have;

Ct = $650,000 * 3.13 = $2,034,500

4 0
4 years ago
Read 2 more answers
A city council designates funds in the enterprise fund for future equipment replacement. The enterprise fund should report this
Ivanshal [37]

Answer: An unrestricted component of net position

Explanation:

Fund balances can be committed, restricted, assigned, and unassigned. The designation of city council has no right to restrict funds.

A restriction of fund can only be imposed through legislation, constitution, or external resource providers, and not by the designation by the city council. In this case, funds would be unrestricted.

6 0
4 years ago
Federally chartered banks and credit unions are run like businesses that make a profit.
Licemer1 [7]

Answer:

False.

Explanation:

A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

Hence, federally chartered banks and credit unions are not run like businesses that are a profit i.e they are a non-profit business.

4 0
3 years ago
A company that sells multiple types of products has a selling price per composite unit of $150, variable cost per composite unit
olganol [36]

Answer:

See below

Explanation:

With regards to the above information, the contribution margin is computed as seen below.

Contribution margin per composite unit = Selling price per composite unit - Variable cost per composite unit

= $150 - $50

= $100

Hence, the contribution margin per composite unit is $100

3 0
3 years ago
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