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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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Amos Rubber company manufactures tires. They reported the following information from their operations last period: Cost of Direc

Hunter-Best [27]

Answer:

The per-unit cost under absorption costing is greater than the variable per-unit cost by $1.50.

Explanation:

Units costs under variable costing include only the variable manufacturing costs.

Manufacturing Costs - Variable Costing

Direct Materials used in production: $35,000

Cost of Direct Labor wages: $40,000

Variable Manufacturing Overhead: $30,000

Total Costs $105,000

Unit Cost = $105,000/ 50,000

= $2.10

Units costs under absorption costing include both the variable manufacturing costs and fixed manufacturing costs.

Manufacturing Costs - Absorption Costing

Direct Materials used in production: $35,000

Cost of Direct Labor wages: $40,000

Variable Manufacturing Overhead: $30,000

Fixed Manufacturing Overhead: $75,000

Total Costs $180,000

Unit Cost = $180,000/ 50,000

= $3.60

Difference :

Unit Cost - Absorption Costing $3.60

Less Unit Cost - Variable Costing $2.10

Difference $1.50

Conclusion :

The per-unit cost under absorption costing is greater than the variable per-unit cost by $1.50.

5 0

4 years ago

Under the allowance method, Bad Debt Expense is recorded

AVprozaik [17]

The correct option is A.
Under the allowance method, bad debt expense is recorded FOR AN AMOUNT WHICH THE COMPANY ESTIMATES IT WILL NOT COLLECT.
Allowance method is a method of accounting that is used to estimate the amount of uncollectibles at the end of each financial period. Uncollectibles refers to debts which the company has no hope of ever collecting them again.

3 0

3 years ago

Current Attempt in Progress Incorrect answer icon Your answer is incorrect. Carla Willis will invest $34,700 today. She needs $1

Nitella [24]

Answer:

12.18%

Explanation:

Present value = $34,700

Future Value = $173,500

Time (n) = 14 years

Interest Rate = i

Future Value = Present Value * (1+i)^n

$173,500 = $34,700 * (1 + i)^14

(1 + i)^14 = $173,500/$34,700

(1 + i)^14 = 5

1 + i = 5^(1/14)

1 + i = 1.1218284

i = 1.1218284 - 1

i = 0.1218284

i = 12.18%

So, the annual interest rate she must earn is 12.18%.

4 0

3 years ago

Which of the following items describe the effects of an entrepreneur's actions? Select all that apply.

nydimaria [60]

I would say all of the above. That is the function of an entrepreneur.

3 0

4 years ago

Read 2 more answers

Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding D

love history [14]

Answer:

The cost per equivalent unit of materials is $2.28

Explanation:

The Concept of Equivalent units measures the number of units complete to the extent of the input elements added during production.

The FIFO method in Process costing Accounts for Costs only incurred during the Manufacturing Period. Also, The Opening Work In Process is Assumed to be completed first.

The First Step is to Calculate the Total Equivalent Units of Production for Raw Materials :

To finish Opening Work In Process (34,000 × 0%) = 0

Started and Completed ((153,000 - 34,000) × 100% ) = 119,000

Closing Work In Process (34,500 × 100%) = 34,500

Total Equivalent Units of Production = 153,500

The Next and Final Step is to calculate the cost per equivalent unit of materials.

Cost per equivalent unit = Total Cost During the Current Period / Total Equivalent Units of Production

= $349,625 / 153,500

= $2.2776872

= $2.28 (2 decimal places)

Conclusion :

The cost per equivalent unit of materials is $2.28

7 0

3 years ago