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givi [52]
3 years ago
12

Fink Insurance collected premiums of $17,900,000 from its customers during the current year. The adjusted balance in the Deferre

d premiums account increased from $4.0 million to $8.4 million dollars during the year. What is Fink's revenue from insurance premiums recognized for the current year?a. $22,300,000.b. $9,500,000.c. $13,500,000.d. $17,900,000.
Business
1 answer:
saw5 [17]3 years ago
5 0

Answer:

Fink's revenue from insurance premiums for the current year is: $13,500,000

Explanation:

Insurance premiums recognised for the current year -

Insurance collected + Beginning Deferred premiums account - Ending Deferred premiums account

= $ 17,900,000 + 4,000,000 - 8,400,000 = $13,500,000

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The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30,000 shares) $270,
Snezhnost [94]

Answer:

26,920

Explanation:

At $10 par value,

Number of authorized shares = 30,000 (given)

Number of issued shares = $270,000/$10 = 27,000 shares

Number of treasury shares = $1,200/$15 = 80 shares

Since Treasury shares do not form part of outstanding shares, they will be deducted from issued shares to obtain outstanding shares

Therefore, number of outstanding shares

= 27,000 - 80

= 26,920 shares

5 0
3 years ago
Describe why most countries are described as having a mixed economy​
Tamiku [17]

Explanation:

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

8 0
3 years ago
What is always true at the quantity where a firm's average total cost equals average revenue?
Juli2301 [7.4K]
The firm is probably at its early stages of development, and is struggling to break even.
8 0
4 years ago
A banking department form required when a person is acting as a mortgage broker and a real estate broker in the same transaction
Anna007 [38]

Answer:

Mortgage Broker Dual Agency Disclosure Form

Explanation:

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3 0
4 years ago
When membership in an organization allows for a reduction in the price of museum tickets, it is an example of a
gogolik [260]

Answer:

Material benefit

Explanation:

Material benefit from being part of an organisation includes money, consideration, gift or other benefit that a person gains as a result being in an organisation.

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5 0
3 years ago
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