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3 years ago

what is the accounting measurement of an insurance company's future obligations to its policy owners?

Business

1 answer:

zvonat [6]3 years ago

8 0

Answer:

provisions / accruals

Explanation:

see above in the answer, both mean basically the same but in insurance terms accrual is more correct

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During the process of labor, what needs to dilate to 10 centimeters (4.5 inches)?

Nina [5.8K]

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3 years ago

Ultimately, multinational corporations that pursue an international strategy, their headquarters keep tight control over marketi

emmainna [20.7K]

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5 0

1 year ago

An investment project provides cash inflows of $1,275 per year for eight years. a. What is the project payback period if the ini

photoshop1234 [79]

Answer:

The correct answer for option (a) is 3.22 years, option (b) is 4.04 years and for option (c) is 0 years.

Explanation:

According to the scenario, the given data are as follows:

Cash inflow = $1,275

Project payback period = Initial cost ÷ Cash inflow

(a). Initial cost = $4,100

So, Project payback period = $4,100 ÷ $1,275

= 3.22 years

(b) Initial cost = $5,150

So, Project payback period = $5,150 ÷ $1,275

= 4.04 years

(c). Initial cost = $11,200

So, Project payback period = $11,200 ÷ $1,275

= 8.78 years

As it is more than the eight years period, it never pays back.

So, 0 years

7 0

3 years ago

North slope realty co. pays weekly salaries of $7,900 on friday for a five-day week ending on that day. what is the adjustment a

mestny [16]

You will have to just take the whole amount then square root it and use pie to find the whole toll amount then. Subtract your original amount from it and your done !!

3 0

3 years ago

Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exceptio

matrenka [14]

Answer:

Please see the attached image for the Horizontal Financial Statements of Sinclair Manufacturing Company.

Explanation:

5. FURNITURE - Straight Line Method

Book Value of Furniture = Cost of Acquisition - Residual Value

Cost of Acquisition = $9,600

Residual Value = $1,600

Book Value of Furniture = $9,600 - $1,600

Book Value of Furniture = $8,000

Useful Life = 4 years

Depreciation Expense = $8,000 / 4 years

Depreciation Expense = $2,000 per year

6. EQUIPMENT - Straight Line Method

Book Value of Equipment = Cost of Acquisition - Residual Value

Cost of Acquisition = $16,000

Residual Value = $1,000

Book Value of Furniture = $16,000 - $1,000

Book Value of Furniture = $15,000

Useful Life = 5 years

Depreciation Expense = $15,000 / 5 years

Depreciation Expense = $3,000 per year

6 0

3 years ago