Business, 21.06.2021 16:20 jerrym163176
An insurer sells a one-year policy to people with the following loss distributions:
Size of loss Probability of loss
11,000 0.05
30,000 0.01
10,000 0.02
5,000 0.05
0 0.915
Assume:
a. The fair premiums, the administrative expenses and the profit loading are all paid at the beginning of the year.
b. The claims are paid one year later; 3) The interest rate is 10%
c. The administrative expenses are assumed to be 10% of the expected claim cost
d. The profit loading is assumed to be 2% of the expected claim costs.
Required:
Find the fair premium for the policy.
Answers: 3
Business, 22.06.2019 19:50
Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?
Answers: 1
Business, 22.06.2019 20:50
The following accounts are from last yearâs books at s manufacturing: raw materials bal 0 (b) 157,400 (a) 172,500 15,100 work in process bal 0 (f) 523,600 (b) 133,700 (c) 171,400 (e) 218,500 0 finished goods bal 0 (g) 477,000 (f) 523,600 46,600 manufacturing overhead (b) 23,700 (e) 218,500 (c) 27,700 (d) 159,400 7,700 cost of goods sold (g) 477,000 s manufacturing uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. what is the amount of cost of goods manufactured for the year
Answers: 3
Business, 22.06.2019 21:10
Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?
Answers: 3
Business, 23.06.2019 00:00
What is a uniform law adopted by all states that facilitates business transactions?
Answers: 1
An insurer sells a one-year policy to people with the following loss distributions:
Size of loss Pr...
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