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2 years ago

1.4. Explain the role of financial markets in the economy.

Business

1 answer:

irina1246 [14]2 years ago

8 0

Explanation:

Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services. The combination of well-developed financial markets and institutions, as well as a diverse array of financial products and instruments, suits the needs of borrowers and lenders and therefore the overall economy.

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Jonathan Mfg. adopted a job-costing system. For the current year, budgeted cost driver activity levels for direct labor hours an

Hitman42 [59]

Answer:

C. $ 7,500

Explanation:

Estimated direct labor cost $ 100,000

Estimated direct labor hours 20,000 hours

Predetermined rate per direct labor hours $ 5 per direct labor hour

Actual hours used on a job 1,500 hours

Applied overhead based on the predetermined overhead

rate per direct labor hours

$ 5 per direct labor hours * 1,500 hours $ 7,500

The information regarding machine hours is not relevant to the requirements of the question.

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3 years ago

What is a stock market

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It is a stock exchange

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3 years ago

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Explain the difference between the proportional method and the incremental method of allocating the proceeds of lump-sum sales o

LenaWriter [7]

Answer:

When a company sells different securities together (this usually happens during mergers and acquisitions):

and the price of all the securities is not certain, the incremental method will first allocate proceeds to the sale of securities whose price is actually certain. The remaining proceeds will be allocated to the securities whose price is uncertain. E.g. total sales $10 million, stocks worth $5 million were sold and bonds worth ? million were sold. The company will allocate $5 million to stocks and $5 million to bonds.
and the price of all the securities is certain, the proportional method allocates the sales proceeds proportionally among the different securities sold. E.g. total sales $10 million, stocks worth $5 million were sold and bonds worth $3 million were sold. The company will allocate ($5/$8) x $10 million = $6.25 million to stocks and $3.75 to bonds.

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3 years ago

Zoe Corporation has the following information for the month of March: cost of direct materials used in product $15,401,direct la

bija089 [108]

Answers:

Calculation of cost of goods manufactured:

Particulars Amount(in $)

Cost of direct material $15,401

Add: Direct labour $24,583

Add: Factory overhead $35,335

Add: Work In process inventory, March 1 $20,021

Less: Work in process inventory, March 31 $20,681

Cost of goods manufactured $74,659

Calculation of Cost of goods sold:

Particulars Amount(in $)

Cost of goods manufactured $74,659

Add: Finished goods inventory, March 1 $24,889

Less: Finished goods inventory, March 31 $27,311

Cost of goods sold $72,237

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3 years ago

On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the 2018 accounting period,

7nadin3 [17]

Answer:

Net cash flow as at the year end= $22,100

Explanation:

The statement of cash flows for Moore shall be calculated as follows:

Cash balance as at January 1, 2018= $54,000

Cash inflow from operating activities= $35,600

Cash outflow from investing activities= ($43,000)

Cash outflow from financing activities= ($24,500)

Net cash flow as at the year end= $22,100

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3 years ago

1.4. Explain the role of financial markets in the economy.​

1.4. Explain the role of financial markets in the economy.