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3 years ago

What contribution does the retail sector make to the UK economy ?

Business

2 answers:

Rama09 [41]3 years ago

8 0

Answer:

The retail sector consistently accounts for around 5% of Gross Value Added in the UK economy. 14% of all UK investment made by large non financial-sector firms is made by large retailers. Retailers purchase around £180bn worth of goods for resale, supporting £47bn of output from other sectors.

romanna [79]3 years ago

6 0

Answer:

The retail sector consistently accounts for around 5% of Gross Value Added in the UK economy.

Explanation:

14% of all UK investment made by large non ﬁnancial-sector ﬁrms is made by large retailers. from other sectors. Retailers pay out £4 billion every year in dividends to shareholders, around 5% of the UK total.

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1 year ago

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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

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

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