All categories

3 years ago

Which of the following best describes how auto insurance companies manage risk

1 answer:

6 0

<span>Which of the following best describes how auto insurance companies manage risk? Auto insurance companies will charge rates based on what they think is appropriate in regards to how likely you are to file a claim. They take into account many factors that will relate to filing a claim in the future and what you have done in the past. By evaluating these, they are determining the risk and how to manage it. </span>

You might be interested in

What are capital gains on an investment?

docker41 [41]

<span>income that investors earn from buying and selling investments
</span>

3 0

3 years ago

Phil Johnson is the owner of a small firm that manufactures customized oil-drilling equipment. The company's manufacturing facil

Iteru [2.4K]

B. pooled manufacturing

8 0

3 years ago

Austin Financial recently announced that its net income increased sharply from the previous year, yet its net cash provided from

Helen [10]

Answer:

Option D) The company’s depreciation expense declined.

Explanation:

It happens because when company´s depreciation decrease you have less cost of sales and an improvement in the Gross Margin and hence in the Net Income, but this enhancement in the Net Income has an opposite effect on Net Cash because less depreciation means less total cash,

Total Cash it's defined by Net Income plus Depreciation, a less Depreciation means less Net Cash.

5 0

3 years ago

(Growth) The U.S. Census estimated that the world population was 6 bil- lion in 1999, and it was increasing 212,000 per day. Wha

lianna [129]

Answer:

Annual growth rate = 1.29% per year

Population in 2050 = 11.53 billion

Explanation:

Data provided in the question:

Population in 1999 = 6 billion = 6,000,000,000

Rate of increase in population = 212,000 per day

Now,

Number of days in a year = 365

Therefore,

Annual growth rate

= [ Growth rate per day × Number of days in a year ] ÷ initial population

= [ 212,000 × 365 ] ÷ 6,000,000,000

= 0.0129 per year

= 0.0129 × 100%

= 1.29% per year

Now,

2050 is 51 year from 1999

Population in 2050 = Population in 1999 × ( 1 + rate )ⁿ

= 6,000,000,000 × ( 1 + 0.0129 )⁵¹

= 11.53 billion

7 0

3 years ago

When the auditors obtain an understanding of internal control for the financing cycle documentation will frequently include a wr

dedylja [7]

When the auditors obtain an understanding of internal control for the financing cycle, documentation will frequently include a written description as well as a(n): Summary of tests of controls.

Why is it important for an auditor to obtain an understanding internal control?

The auditor should obtain an understanding of how IT affects control activities that are relevant to planning the audit. Some entities and auditors may view the IT control activities in terms of application controls and general controls.

When assessing the competence of the internal auditors An auditor should obtain information about the?

When assessing the competence of the internal auditors, an independent CPA should obtain information about the: quality of the internal auditors' working-paper documentation.

What are the specific duties imposed on the auditor regarding internal control and internal audit?

Assess the company's risks and the efficacy of its risk management efforts. Ensure that the organization is complying with relevant laws and statutes. Evaluate internal control and make recommendations on how to improve. Identifying shortfalls or gaps in processes

Learn more about financing cycle:

brainly.com/question/17578519

#SPJ4

7 0

1 year ago