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3 years ago

How many government agencies does the united kingdom have to oversee the financial industry?

2 answers:

6 0

I believe the answer is: one

The name of the government agency is Financial Service authority (FSA).
FSA would act as a <span>a quasi-judicial body that had the power to regulate the whole financial sector in united kingdom. Even though they are a part of government agencies, they do not work directly under any government official.</span>

bazaltina [42]3 years ago

5 0

Answer – One; the united kingdom has one government agency to oversee the financial industry. A financial industry or sector is a group of stocks holding firms that render financial services to viable and retail customers; this includes banks, real estate, insurance companies, investment funds. <span>
</span>

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A garment manufacturing company makes 380,000 articles per year. Each article takes 95 minutes of direct labor at the rate of $9

ANTONII [103]

Answer:

The maximum amount the company should pay for the new machine is $1,567,500 if it wants to break even by the end of the first year

Explanation:

Number of article (N) = 380.000

Time for each articles (T) = 95 minutes = 1.583 hours

Direct Labour Cost (D1) = $9 per hour

Overhead Cost (O1)= $7.50 per direct labour hour

Total cost for labour(C)= D1 + O1= $16.50 per hour

Selling price of articles(S1) = $80 per article

- Cost of Production (P1)= N * T * C

= 380,000 * 1.583 * 16.50

=$9,925,410

-Total amount got by selling (S) = N * S1

=380,000 * 80

=$30,400,000

Profit in this process (R1) = S - P1

=30,400,000 - 9,925,410

=$20,474,590 per year

-Time for each article with new machines (T)= 95 - 15 = 80 minute = 1.333 hour

-Cost for production (P2)= N * T * C

=380,000 * 1.333 * 16.50

=$8,357,910

Profit in this Process(R2)= S-P2=

=30,400,000 - 8,357,910

=$22,042,090 per year

Net Profit gain by new machine = R2 - R1

=$22,042,090 - $20,474,590

=$1,567,500 per year

The maximum amount the company should pay for the new machine is $1,567,500 if it wants to break even by the end of the first year

6 0

3 years ago

Crane Company uses the LCNRV method, on an individual item basis, in pricing its inventory items. The inventory at December 31,

Soloha48 [4]

Answer:

Answer for the question:

Crane Company uses the LCNRV method, on an individual item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Item D Item E Item F Item G Item H Item I Estimated selling price $122 $112 $97 $92 $112 $92 Cost 77 82 82 82 51 37 Cost to complete 31 31 26 36 31 31 Selling costs 10 18 10 20 10 20 Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items above.

is given in the attachment.

Explanation:

Download pdf

3 0

3 years ago

Widden Company, which sells electric razors, had $320,000 of cost of goods sold during the month of June. The company projects a

butalik [34]

Answer:

Part A. The amount of purchases budgeted for July is calculated below:

Amount of purchases = Cost of goods sold + Closing inventory - Opening inventory

Amount of purchases = ($320,000 x 1.09) + $34,000 - $33,000

Amount of purchases = $348,800 + $34,000 — $33,000

Amount of purchases = $349,800

Therefore, the amount of purchases budgeted for July is $349,800.

Part B. The amount of cash payments budgeted for inventory purchases in July is calculated below:

Amount of cash paid in July = Opening accounts receivable + 75% of purchases in July

Amount of cash paid in July = $37,000 + ($349,800 × 0.75)

Amount of cash paid in July = $37,000 + $262,350

Amount of cash paid in July = $299,350

Therefore, the amount of cash paid in July is $299,350.

8 0

3 years ago

What is the price of a coupon bond that has annual coupon payments of $75, a face value of $1000, interest rate of 5%, and a mat

Citrus2011 [14]

$1,046.49.

The price of a coupon Bond that has periodic coupon payments of $ 75, a face value of $ 1000, an interest rate of 5%, and a maturity of two times is $1,046.49.

Coupon Bond: A bond having tickets attached that reflect semiannual interest payments is known as a coupon bond, deliverer bond, or bond pasteboard. With coupon bonds, the issuer doesn't keep any records of the buyer, and no instrument has the buyer's name moreover.

The price of a coupon bond that has periodic coupon payments of $75, a face value of $1000, an interest rate of 5%, and a maturity of two times is $1,046.49.

To learn more about Coupon Bond, visit the following link:

brainly.com/question/26376004

#SPJ4

6 0

1 year ago

In a push based system of distribution which relies on selling to customers through a sales force and retail partners, managers

Elanso [62]

Answer:

a) channel members.

Explanation:

A push-based distribution system can be defined as one whose production plan is directed from management to the market, where products are sent through a channel until they reach retailers, and then to the final consumer.

Therefore, managers direct their promotional efforts more towards channel members, so that the path that the product goes through to reach the final consumer is effective so that the product arrives in the right way, in the right quantity and at the right time to the consumer. Effective management of the company 's distribution channel helps to reduce costs, reduce delays, speed up the capacity to meet demand, increase customer satisfaction, etc.

6 0

3 years ago