1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
babymother [125]
3 years ago
8

XYZ Insurance Company uses class rating to determine the rate to charge for insurance. For one type of insurance, the pure premi

um XYZ actuaries calculated is $75 per unit. If XYZ's expense ratio is 25 percent, what is the gross rate for this coverage?
Business
1 answer:
hichkok12 [17]3 years ago
6 0

Answer:

$100

Explanation:

Insurance coverage is the sum of expenses paid and the premium paid on these expenses.Total coverage is the calculated by adding the premium and expense. In this question premium is the $75 and the expense ratio is 25%.

As we know

Coverage = Premium + Expense

Coverage = 75% + 25%

So, based on above equation we can calculated the expense as follow

Expense = $75 x 25% / 75% = $25

Coverage = $75 + $25 = $1,00

You might be interested in
Is Aquaman destructible?​
natulia [17]

Answer:

yes

Explanation:

3 0
2 years ago
Incite co. has a 36 percent tax rate. its total interest payment for the year just ended was $35 million. what is the interest t
butalik [34]
<span>Tax shield is the saving in tax due to exemption of tax on interest expense = interest expense * tax rate = $35 million * 36% = $ 12.6 million</span>
4 0
3 years ago
Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di
Gnom [1K]

Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

6 0
3 years ago
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan
gregori [183]

Answer:

Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.

Explanation:

6 0
3 years ago
Larry purchased a leisure lawnmower because the company salesperson intentionally misled him by assuring him that the mower was
dangina [55]
I think Larry could sue for misrepresentation about the true qualities of the lawnmower he was sold.In other words, finding out that his new lawnmower is not self-propelled, does not mulch and only has a 90 day instead of a 5 year warranty he is totally within his rights to sue in small claims court for his money back at least.
7 0
3 years ago
Other questions:
  • Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with
    15·1 answer
  • California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the compa
    5·1 answer
  • Which of the following statements regarding the market growth stage of the product life cycle is false?A. Innovators still earn
    10·1 answer
  • The purchasing power of people with _____ decreases a lot when inflation occurs.
    15·2 answers
  • Which of the following actions has NO impact on your credit score?
    13·1 answer
  • A neighborhood sportswear store sells a pair of victoria sneakers for $40. due to the recent fitness craze, these shoes are in h
    11·1 answer
  • Each statement below is part of an economic model. Indicate whether the statement is a prediction of cause and effect or an assu
    9·2 answers
  • "Have you considered paying workers for what they produce? I found that when I paid employees by the piece, their productivity w
    13·1 answer
  • What was pump priming?
    14·1 answer
  • When a restaurant prices pizza at $10 per slice they sell 100 slices in a night. If they sell pizza for $5 per slice, they sell
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!