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Ivenika [448]
2 years ago
7

The concept of market conduct includes such things as ____.

Business
1 answer:
lbvjy [14]2 years ago
3 0

The concept of market conduct includes such things like profit , loss and assest growth targets.

Explanation:

Market conduct is used in insurance industry to describe the problems that are related to the sale and distribution of insurance. It deals with the pricing and promotion strategies based on the players in the market related to their aim , objective and desicion making process.

Based on this concept all consumers are seen as potential customers with similar needs. They have proper regulations to check the customers are charged fair and reasonable insurance prices.

They will also ensure whether the consumers have access to beneficial and compliant insurance products.

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Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be
enyata [817]

Answer: $68,200

Explanation:

Estimated inventory = Difference between Goods available for Sale at Retail Price and Actual Sales made * Cost Retail Ratio

Retail value of Goods Available for Sale

= Retail Price of Beginning Inventory + Retail price of Purchases

= 120,000 + 480,000

= $600,000

Difference between Goods available for Sale at Retail Price and Actual Sales made

= 600,000 - 490,000

= $110,000

Cost to retail price ratio

= (Cost of Beginning Inventory + Cost of Purchases) / (Retail Price of Beginning Inventory + Retail Price of Purchases)

= (60,000 + 312,000) / (120,000 + 480,000)

= 62%

Ending inventory

= 110,000 × 62%

= $68,200

5 0
3 years ago
An early warning signal for the potential of an overdrawn budget is created when: contingency funds are applied for. a bottom-up
Mademuasel [1]
It is created when <span>contingency funds are applied for.
Contingency funs is a type of monetary fund that set aside for unforseen circumtances that the company may experience in the future. The usage of this fund indicates that the company could no longer follow the budget line that created for normal operation.</span>
3 0
2 years ago
country cupboard purchased inventory for $ 4 comma 800 and also paid a $ 360 freight bill. Country Cupboard returned 20​% of the
Ede4ka [16]

Answer:

A. $ 4,123

Explanation:

For accounting purposes we will consider as cost to ivnentory all the necessarycost incurred to get the merchandise ready for use. Therefore the returns and dsicount decrease the inventory as they weren't cost incurred.

The freight will count as necessary and incurred thus, added.

Invoice nominal          4,800

returns

4,800 x 20% =       <u>      (960)</u>

balance                      3,840

discount 2%           <u>        (76.8)   </u>

merchandise cost     3.763,2‬

freights-in          <u>          360     </u>

total cost                   4,123.2

3 0
3 years ago
You purchased a share of SPCC for $100 and expect to receive a dividend of $5 in one year. If you expect the price after the div
Elenna [48]

Answer:

The answer is 15%

Explanation:

(P1 - Po) / Po + D

Where P1 is the price of the share at the end of the year

Po is the price of the share at the beginning of the year

D is the Dividend receceived

P1 is $110

Po is $100

And Dividend is 5%

($110 - $100) / $100 + 5 %

$10/100 + 5%

10% + 5%

= 15%

The total return will you have earned over the year for the purchase of a share of SPCC is 15%

3 0
3 years ago
Even when competitive firms are unable to calculate marginal revenue product directly, ______________________________ will push
Alona [7]

Answer:

Even when competitive firms are unable to calculate marginal revenue product directly, <u>competition in the labor market</u> will push wage rates toward the marginal revenue product of labor.

Explanation:

The labor market is made up of employers seeking for labor and employees offering their labor services. The law of supply and demand also applies to this market, when more employers are seeking employees, the price (= salary) will increase.

For example, if many companies are making a  profit and they need more labor, the salaries will rise because the demand is rising.

Also the suppliers, the potential employees, compete against each other for the best possible jobs.

8 0
3 years ago
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