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sladkih [1.3K]
3 years ago
6

One item that appears on an insurance company's financial statements is a liability that represents an estimate of the claims re

ported and adjusted but not yet paid, claims reported and filed but not yet adjusted, and claims incurred but not yet reported to the company. this liability is called the insurer's:
Business
1 answer:
Bess [88]3 years ago
8 0
<span>This liability is called the insurer's "loss reserve".</span>

Loss reserve<span> is a gauge of an insurer's liability from future cases. <span>Loss reserves</span> most often contain liquid resources, and they enable the insurer to cover claims made against strategies that it endorses. Assessing liabilities can be a difficult task. Insurers need to regulate loss reserve estimations as the situation change.</span>

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A municipal bond carries a coupon rate of 5.45% and is trading at par. What would be the equivalent taxable yield of this bond t
podryga [215]

Answer:

7.78%

Explanation:

Equivalent taxable yield can be calculated as follows

Equivalent taxable yield = Coupon rate / 1 - Tax Rate

Equivalent taxable yield= 5.45%/ 1 - 30% x 100

Equivalent taxable yield = 7.78%

4 0
3 years ago
50 points! marking brainliest​
creativ13 [48]

Answer:

i cant see it it very blurey

Explanation:

7 0
3 years ago
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During its first month of operations, Neptune Company (1) borrowed $200,000 from a bank, and then (2) purchased an equipment cos
sveta [45]

Answer:

$330,000

Explanation:

the journal entries would be:

Dr Cash 200,000

    Cr Notes payable - bank 200,000

Dr Equipment 80,000

    Cr Cash 40,000

    Cr Notes payable 40,000

Dr Merchandie inventory 60,000

    Cr Accounts payable 60,000

Dr Accounts receivable 120,000

    Cr Service revenue 120,000

Dr Accounts payable 30,000

    Cr Cash 30,000

Dr Utilities expense 60,000

    Cr Cash 60,000

Assets:

  • Cash = 200,000 - 40,000 - 60,000 - 30,000 = $70,000
  • Equipment = $80,000
  • Merchandise inventory = $60,000
  • Accounts receivable =$120,000
  • total = $330,000

8 0
3 years ago
Read 2 more answers
Who proposed that population size increases at a faster rate than food supplies?
sergiy2304 [10]
The answer to this is Thomas Malthus.

Thomas Malthus was an english cleric and scholar, influential in the feilds of political economy and demography. He came up of the theory about population growth. He argued that population multiplies geometrically and food arithmetically.
8 0
3 years ago
A materials requisition slip showed that direct materials requested were $66000 and indirect materials requested were $15000.
suter [353]

Answer:

Work In Process Inventory  $66,000

Manufacturing overhead  $15,000

      To  Raw Materials Inventory    $81,000

Explanation:

The journal entry is shown below;

Work In Process Inventory  $66,000

Manufacturing overhead  $15,000

      To  Raw Materials Inventory    $81,000

(Being the transfer of material is recorded)

here the work in process inventory and manfacturing overhead is debited as it increased the assets and expense and credited the raw material inventory as it reduced the assets

7 0
2 years ago
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