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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 third-grade class spends several weeks learning how to solve story problems (e.g., a girl buys three candy bars for 66 cents a
r-ruslan [8.4K]
The answer is near transfer. This is connected a similar way every time the abilities and information are utilized. Close exchange preparing for the most part includes assignments that are procedural in nature, that is, errands which are constantly connected in a similar request. Despite the fact that this kind of preparing is less demanding to prepare and the exchange of learning is normally a win, the student is probably not going to have the capacity to adjust their aptitudes and information to changes.
4 0
3 years ago
You place a stop-loss order to sell 500 shares of AAPL with a stop price of $180. The current price is $185. How much will you r
harkovskaia [24]

Answer:

$90,000

Explanation:

Calculation to determine How much will you receive for each share

Using this formula

Amount that will be received = Number of shares * Stop price that was reached in a day

Let plug in the formula

Amount that will be received= 500 shares * $ 180

Amount that will be received= $ 90,000

Therefore How much will you receive for each share is $90,000

5 0
3 years ago
While setting the price of a product, what must managers consider? A cost of the whole marketing mix B) buying capacity of the c
Naddik [55]

Answer:

While setting the price of a product, managers must consider all of the following: A) cost of the whole marketing mix B) buying capacity of the customers C) profit it should bring the company D) transportation cost E) personnel cost to the company

Explanation:

Key factors in calculating the sale price can be:

  • Costs are a major factor in determining the selling price and a way of forming a price that is primarily related to costs called “ground” because it represents the minimum at which the price can be set. It includes cost plus other costs with no projected or minimal profit;
  • Demand/buying capacity as a key factor in price calculation is tied to a method called the "ceiling" because capacity exceeds the price limit that customers are willing to accept to get a product or service.
  • Competition as a pricing factor refers to alternatives that customers can choose from, and competition allows them to do so;

Cost-based pricing has its sub-methods such is Cost plus method

The basic principle is to add a rate of profit to the sum of direct and indirect costs. This way price consider a profit to it should bring to company.

Direct costs include material and labor costs, and indirect or general costs comprise a portion of fixed indirect costs such as depreciation, administration costs, sales costs and other general costs.

Formula: price = Direct costs + Indirect costs + Rate of profit

5 0
3 years ago
The amount of amount of deadweight loss as a result of the tax is:______
klio [65]

Answer:

D. $5,000

Explanation:

This deadweight in a lot of cases are seen to occur especially when demand and supply are not in equilibrium and in and in the above scenario, it is pegged at $5000. Therefore sometimes consumers experience shortages, and producers earn but they'd otherwise.

Taxes are also seen in the creation of deadweight loss because they prevent people from engaging in purchases they'd otherwise make because the ultimate price of the merchandise is above the equilibrium value. If taxes on an item rise, the burden is commonly split between the producer and therefore the consumer, resulting in the producer receiving less cash in on the item and therefore the customer paying the next price.

3 0
2 years ago
Which of the terms or phrases listed below is more associated with financial statements prepared in accordance with U.S. GAAP th
nekit [7.7K]

Answer:

The answer is Accumulated other comprehensive income

Explanation:

The statement of  accumulated other comprehensive income is specific to U.S GAAP.It is known as statement of comprehensive under International Financial Reporting Standards.

The statement records losses and gains that are unrealized.For instance a company whose investment is in shares,would have to  record the investment at fair value, that is the market price at each year end, any gains or losses arising from such valuation,especially if the shares are held for long term, is posted to the accumulated other comprehensive income or statement of comprehensive income.

The reason is that the shares are still held within the business not yet disposed of,hence the gains or losses are not realized and should not be recognized in profit or loss.

4 0
3 years ago
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