Property Insurance Company is a new property insurer. The company is growing rapidly because of a new home-owners policy that combines traditional homeowner coverages with insurance that pays off the mortgage if the insured dies or becomes totally disabled. Premiums writ-ten have increased substantially; new agents have been hired; and the company is considering expanding into additional states. However, its growth has been hampered by statutory accounting rules that require an insurer to write off immediately its first-year acquisition expenses but do not allow full recognition of premium income until the policy period has expired. In this case, explain how reinsurance will enable Property Insurance to continue to grow in an orderly fashion.

Answers

Answer 1

Answer:

Explanation:

According to collect from the data

Let us assume that the data as followed by

When it comes to homeowner's insurance, there's no such thing as an option. It's not just for safety's sake; it also helps keep your family protected. Every lender wants to see proof of insurance coverage for the full or fair market value of a home (usually the purchase price) before they can issue or finance a mortgage or residential real estate transaction. Many landlords require renters to get renter's insurance, even if they don't own a home. Having this level of security is a good idea whether or not it is required. We'll go through the basics of homeowner's insurance coverage today.

Policies for homeowners frequently cover both the interior and exterior of a property, as well the loss or theft of private items and the owner's personal liability for third-party damage. In terms of coverage, the three primary options are: actual cash value (ACV), replacement cost (RCC), and combined ACV/RCC. If you submit a claim, your insurer determines how likely it is based on your claim history, the neighbourhood, and the current state of your home. When looking for insurance, seek quotes from at least five different companies and check with any insurers you already work with to see if they can offer you a better deal.


Related Questions

What entrepreneurship activities could you engage in that
would enhance the learning experiences you are gaining in your
classes on campus or on line? Why do you think the activity you
chose would help?

Answers

Entrepreneurship activities should you interact in that would beautify the mastering reviews you're gaining to your training on campus or online:

whilst getting to know to turn out to be marketers, we should usually select to construct upon new possibilities, community, search for mentors to research from them as well as brainstorm new thoughts on every occasion we have the time to interact in it.

An entrepreneur is a person who creates a new commercial enterprise, bearing maximum dangers and taking part in a maximum of rewards. The method of setting up an enterprise is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a supplier of the latest thoughts, items, services, and enterprises/or methods.

Entrepreneurship is the advent or extraction of monetary fees. With this definition, entrepreneurship is considered as an exchange, normally entailing a threat beyond what is usually encountered in starting a business, which may additionally encompass different values than sincerely monetary ones.

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Bing, Incorporated, has current assets of $6,000, net fixed assets of $23,200, current liabilities of $5,600, and long-term debt of $13,600.



a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)
b. How much is net working capital? (Do not round intermediate calculations.)

Answers

We are aware that the total assets of $29,200 must match the total liabilities and owners' equity (TL & OE). We also know that TL & OE equals owners' equity plus long-term debt, hence owners' equity is:

Owners' equity is $29,200 minus 13,600 minus 5,600.

$10,000 is the owners' equity.

Net working capital (NWC), however, is

Current Assets - Current Liabilities = NWC

NWC = $6,000 - 5,600

NWC = $400

NWC: What is it?

The difference between a company's current assets—such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods—and its current liabilities—such as debts and accounts payable—is known as working capital, sometimes known as net working capital (NWC).

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What are the three different types of stakeholders that the board must take into account of? Give examples of each type and explain to illustrate your points?

Answers

The various kinds of stakeholders that the board must take into account of are:

employeescustomers, and investors.

Who is a key stakeholder?

A significant stakeholder is critical to a company's long-term success. Key stakeholders may assist businesses in making strategic choices, reducing risks, and expanding their operations.

If you are active in assisting your business in reaching its objectives, it is critical that you understand who your key stakeholders are and how to identify them.

Employees are crucial because they drive the business, customers are crucial because, the  are the reason for the existence of the business, investors are important because, they finance the business.

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The budget for this consumer is $48. a. What is the price per pound of steak? b. What is the price per pound of chicken? c. List two true statements centered on point A: 1. ___________________ 2. ___________________

Answers

Based on the budget of $48, it is to be noted that the price per pound of steak is $4. See further explanation below.

What is the price per pound of chicken?

The price per pound of chicken, based on the information provided is $3.

What are the two statements that are centered on point A?

The two statements which are TRUE in relation to option A are:

At point A,

1. the consumer is said to be in equilibrium. This is because, at that point, the price at which consumers are supplies are willing to buy and sell respectively are in alignment.

2. It is also TRUE that the marginal rate of substitution is computed at -3/4

See the attached image for further details.

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In the process of starting a business, after developing a business plan the
entrepreneur needs to

A) order supplies for the business.
B) develop an employee manual.
C) decide an appropriate legal
form of business ownership.
D) promote the business to the customers.
E) file for tax returns for the business with the Internal Revenue Service.

Answers

The entrepreneurial process consists of three crucial steps. consists of three steps: (1) discovering business possibilities; (2) planning and putting together the enterprise; and (3) funding the venture and acting. Identification of opportunities, planning and preparation of the enterprise, and resource allocation for the venture

Process requirements. Online banking is possible today because of the development of ATMs in the 1960s.

The majority of businesses are successful because they offer a decent enough product or service. According to multiple research findings, the largest problem for small businesses is marketing, sales, and money. But money management is the one crucial element that most often determines success and failure.

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Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,295 in course fees for his continuing legal education in a different city. He also paid $467 for airfare and a hotel room and paid $250 for meals, all of which were provided by the hotel’s restaurant. Bob also purchased a $6 bag of snacks from a newsstand while waiting for his plane in the airport because he missed lunch.

What is the total amount he can deduct on his Schedule C related to these expenses?

Answers

Based on the requirements of Schedule C, the total amount that Bob can deduct related to these expenses is $1,887

How much can Bob deduct?

Bob can deduct only 50% of his expenses for meals but can deduct the full airfare and course fees in Schedule C.

The total that Bob can therefore deduct from his Schedule C for those expenses is:

= 1,295 + 467 + (250 x 50%)

= 1,295 + 467 + 125

= $1,887

In conclusion, the total amount that Bob can deduct in Schedule C as relates to his expenses is $1,887.

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Which of the following are correct when calculating the cost of a unit of output? (cost unit):

i. All fixed costs are indirect costs

ii. All indirect costs are fixed costs

iii. All variable costs are direct costs

iv. All direct costs are variable

v. All indirect costs are overheads

Group of answer choices

i. only

i. iv. and v.

i. and ii.

ii. and iii.

ii. iii. and iv.

Answers

i. iv. and v.  All fixed costs are indirect costs, all direct costs are variable, all indirect costs are overheads.

Indirect cost are those which are associated with the process of production indirectly. They are incurred other then the production in which indirectly the material is used. Whereas the direct costs are the one time investments made in the production process so that the process could be made easier.

Costs and overheads are basically part of every production they can added as repairs ,trade expenses etc which makes the process continuous. Variable costs are floating in nature.

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Use of technology, employee retention and HR development have been at the core of HR becoming more strategic at Xerox. Why have those areas been so key?

Answers

Answer:

identify six entrepreneurial qualities that are represented by Lulu

Does the restaurant industry seem like a stable option for aspiring entrepreneurs to pursue

Answers

Yes, restaurants Industry seems like a great option for aspiring entrepreneurs to pursue. This however depends on the location in questions.

What is this so?

The Chain Restaurants industry's market size is predicted to grow 13.5% by 2022.

What is the estimated market size of the Chain Restaurants industry in the United States in 2022?

In 2022, the Chain Restaurants business will generate $50.9 billion in sales.

From the above, it is clear that there is room for growth, innovation, competition by differentiation, an as such opportunities.

Hence it is right to conclude that restaurants Industry is a great option for aspiring entrepreneurs to pursue.

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Prepare an income statement for the question provided below in the picture. Thank you

Answers

The income statement for Jim blossom has Net income of :$41,493.

What is income statement?

Income statement can be defined as the statement that shows the income and expenditure generated by a company in which net income means that revenue is higher than expenditure while net loss means that expenditure is higher than revenue.

Income statement can be calculated using this formula

Income statement= Revenue - Expenses

Now let calculate the income statement for Jim blossom:

Income statement for the year ended 31 December 2024

Revenue:

Service revenue $156,998

Expenses:

Insurance expenses $3,869

Interest expenses $1,029

Operating expenses $3,373

Salary expenses $89,330

Supplies expenses $20,904

Total expenses $118,505

Net income $41,493

( $156,998-$118,505)

Therefore the income statement for Jim blossom has Net income of $41,493.

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One possible way to overcome procrastination is to trick yourself by doing anything
that will draw you into a task.

True or False

Answers

trueeeeeeeeeeeeeeeeeeee

Answer:

18 25

Explanation:

List whole numbers between 18 and 25

Describe the risks involved in auditing financial investments, including why the auditors might need specialized skills.

Answers

The risks involved in auditing financial investments, including  the auditors might need specialized skills is fraud risk.

What is an investment?

An Investment is the dedication of an asset to gain an increase in value over a period of time. Investment needs a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset in a time period.

As a consequence of the constant corporate scandals linked to corruption as well as the emergence of new regulations worldwide, many executives recognize/identifies that the risk of fraud and irregular behaviors inevitably integrates their agendas, and they are fully aware of the need to create specific measures aimed at its timely and effective management.

Effective fraud risk management provides organizations the tools to manage risk in accordance with regulatory requirements, as well as with the needs of the business, the organization and market expectations.

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Implanted microchips have been tested over long periods of time and are

Answers

Implanted microchips have been tested over long periods of time and are widely accepted as being safe.

A microchip is a set of digital circuits on one small flat piece of semiconductor material, normally silicon. A microchip is a unit of packaged pc circuitry  that is fabricated from a fabric including silicon at a totally small scale. Microchips are made for program common sense and for pc reminiscence.

In a semiconductor microchip, each little bit of binary information is saved in a tiny circuit known as a memory mobile consisting of one to several transistors. The microchips are specified in rectangular arrays on the surface of the chip. With one in 3 pets turning into misplaced at some degree, these tiny chips are your puppy's quality threat of being returned properly home in the event that they do move missing. At the same time as collars and tags can help reunite misplaced pets with their households they can without problems fall off or be removed, and tags can fade.

This tiny device can preserve computer memory and processors, or be used to behavior energy. You nearly actually use things that incorporate microchips just about every day, inclusive of calculators, financial institution ATMs, sure identification playing cards, cellular telephones, and televisions.

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Market trends of software engineer

Answers

A recent popular approach in software engineering is GitOps. The growing popularity of cloud-native software and Kubernetes stimulates the wider adoption of GitOps — the practice for infrastructure automation and its integration with the CI/CD pipeline.

Since the approval of the North American Free Trade Agreement (NAFTA), the value of U.S.
exports to Mexico and Canada has increased. True or False

Answers

True - Since the endorsement of the North American Free Exchange Understanding (NAFTA), the esteem of U.S. exports to Mexico and Canada has expanded.

The Canadian economy has massively benefited from NAFTA. It has created new export prospects, encouraged the development of globally competitive enterprises, and attracted considerable foreign investment.

The North American Free Trade Agreement (NAFTA): What Was It?

To encourage trade between the United States, Canada, and Mexico, the North American Free Trade Agreement (NAFTA) was put into effect. On January 1, 1994, the agreement, which removed the majority of economic barriers between the three nations, came into force. Between January 1, 1994, and January 1, 2008, a number of tariffs—particularly those pertaining to agricultural goods, textiles, and automobiles—were gradually phased out.

Has NAFTA boosted American exports?

Trade between North America's three countries has grown significantly since the implementation of the North American Free Trade Agreement (NAFTA). The United States has seen a 150% increase in exports to Mexico and a 66% increase to Canada.

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how do i create a process flow chart?

Answers

Explanation:

see in computer book u find their

Time management is not just about managing time; it's also about managing energy.

True or False

Answers

Answer:

True

Explanation: If you have energy then you can also manage the time you spend on things because you'll have the energy to do more things and you can do things efficiently

1. How many units will the domestic firms produce without a tariff if the foreign producer can sell the product at a $4 price?

Answers

Hi how has your day been going?

What amount of capital can eskom raised

Answers

According to S&P Global, Eskom's can fund its 2023 financial estimated budget funding requirements for as much as 45 billion rand ($2.64 billion).

This represents about 15 billion rand increment  from a previously estimated 30 billion rand, due to lower revenues and higher costs.

What is Eskom?

Eskom is a South African company with interests in  public electricity. It was founded in 1923 as the Electricity Supply Commission and was also referred to its Afrikaans name. Eskom represents South Africa in the Southern African Power Pool.

    According to its projections for its 2023 financial year budget, the company were expected to fund their budget with about 30 billion rand. However, there is a possible increment in its financial budget to about 45 billion rand which represents an additional 15 billion rands.

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Assume that one unit is sold on April 27 for $330. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost methods.

Answers

The determination of the gross profit for April and the ending inventory on April 30, using the three inventory costing methods, are as follows:

                                                               Gross Profit    Ending Inventory

(a) First-in, first-out (FIFO)                              $97                     $469

(b) Last-in, first-out (LIFO)                             $95                     $467

(c) Weighted average cost methods          $96                     $468

What are the inventory costing methods?

Inventory costing methods based on their cost flow assumptions are:

First-in, first-out (FIFO)Last-in, first-out (LIFO)Weighted average cost methods.

The FIFO method is a costing method that assumes that goods are sold chronologically as they are produced or bought.  Therefore, the cost of goods sold is the cost assigned to the earlier goods.

The LIFO method bases the cost of goods sold on the assumption that the latest goods produced or bought are sold first before the earlier ones.

Under the weighted average method, the cost of goods sold is based on a weighted average cost of all goods produced or bought during the period.

What is the ending inventory?

The ending inventory is the difference between the cost of goods available for sale and the cost of goods sold.

What is the gross profit?

The gross profit is the positive difference between the sales revenue and the cost of goods sold.

Data and Calculations:

                Item Beta         Units         Cost

April 2     Purchase              1            $233

April 15    Purchase              1              234

April 20   Purchase              1             235

Total                                     3           $702

Average cost per unit =  $234 ($702 ÷ 3 units)

FIFO:

Cost of goods sold = $233

Ending inventory = $469 ($702 - $233)

Gross profit = $97 ($330 - $233)

LIFO:

Cost of goods sold = $235

Ending inventory = $467 ($702 - $235)

Gross profit = $95 ($330 - $235)

Weighted Average:

Cost of goods sold = $234

Ending inventory = $468 ($702 - $234)

Gross profit = $96 ($330 - $234)

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Question Completion:

Cost Flow Methods

The following three identical units of Item LO3V are purchased during April:

                Item Beta         Units         Cost

April 2     Purchase              1            $233

April 15    Purchase              1              234

April 20   Purchase              1             235

Total                                     3           $702

Average cost per unit =  $234($702 ÷ 3 units)

Financial statements from the end-of-period spreadsheet
Paoli Consulting is a consulting firm owned and operated by Mary Paoli. The following end-of-period spreadsheet was prepared for the year ended March 31, 20Y9:
During the year ended March 31, 20Y9, $15,000 of additional common stock was issued.

Answers

The preparation of an Income Statement, a Statement of Stockholders' Equity, and a Balance Sheet for Paoli Consulting for the Year Ended March 31, 2019, is as follows:

Paoli Consulting

Income Statement

For the Year Ended March 31, 2019

Fees Earned                                        $1,675,000

Salaries Expenses          950,000

Supplies Expenses           32,200

Depreciation Expenses    12,800

Miscellaneous Expenses 15,000       $1,010,000

Net Income                                           $665,000

Paoli Consulting

Statement of Stockholders' Equity

For the Year Ended March 31, 2019

Common Stock                                      $100,000

Retained Earnings                                1,860,000

Net Income                                             665,000

Dividends                                                (30,000)

Ending Equity                                    $2,595,000

Paoli Consulting

Balance Sheet

As of March 31, 2019

Assets

Current Assets:

Cash                                     $162,500

Accounts Receivable           304,500

Supplies                                    5,000       $472,000

Long-term Assets:

Land                                   1,400,000

Building                               850,000

Accumulated Depreciation (72,000)   $2,178,000

Total Assets                                         $2,650,000

Liabilities and Equity

Current liabilities:

Accounts Payable                                    $36,500

Salaries Payable                                         18,500

Total liabilities                                         $54,500

Equity:

Common Stock                $100,000

Retained Earnings         2,495,000 $2,595,000

Total liabilities and equity               $2,650,000

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Question Completion:

Paoli Consulting

Adjusted Trial Balance

March 31, 20Y9

                                             Debit           Credit

Cash                                  $162,500

Accounts Receivable        304,500

Supplies                                 5,000

Land                                1,400,000

Building                            850,000

Accumulated Depreciation                     $72,000

Accounts Payable                                      36,500

Salaries Payable                                         18,500

Common Stock                                        100,000

Retained Earnings                                1,860,000

Dividends                           30,000

Fees Earned                                         1,675,000

Salaries Expenses          950,000

Supplies Expenses           32,200

Depreciation Expenses    12,800

Miscellaneous Expenses 15,000

Totals                        $3,762,000   $3,762,000

Prepare Income Statement, Statement of Stockholders' Equity, and a Balance Sheet for Paoli Consulting for the Year Ended March 31, 2019.

Which statement about the Federal Reserve Bank (the Fed) is most
accurate?
Multiple Choice

O
The Fed manages the U.S. money supply and
interest rates.
The Fed is an agency of the U.S. Treasury
Department that has the responsibility of
collecting tax receipts for the IRS.
The Fed is the agency of the government that
ensures that the United States maintains enough
gold reserves to pay any foreign debts that result
from international trade.
The Fed is the primary government agency
involved in carrying out our nation's fiscal policies

Answers

Answer:

The Fed manages the US money supply and interests rate

Mistakes People Make Worksheet 3.9.2 List the 6 mistakes people make while making decisions and explain the mistake. Next, give an example of a decision that would illustrate the mistake. Lastly 1 Class Period: EXPLANATION Date: EXAMPLE WAS THERE A MORE RATIONAL DECISION?​

Answers

Mistakes people make while making decisions and explain the mistake

Don't face reality - Fall into self-deception.Go with the flow.Too quick to risk. - Rushing to work or home can lead to aggressive driving.Relying too much on intuition. - One of the main reasons against relying on intuition is that intuition can be unreliable and biased.To marry your own thoughts.

In summary, we talked about his eight common types of bias. Overconfidence, fixation, affirmation, availability, escalation of commitment, random errors, risk aversion, retrospective bias to confront past mistakes, and bias to face fear and pain. process emotions.

People have shown an amazing ability to deceive themselves and distort their misbehavior in order to reflect positively on themselves. Can make us happier if it means being open.

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9) Which of the following statements is an example of the behavioral component of an attitude? A) I have decided to apply for the position of a campaigner in the climate department. B) I am thrilled to know that the human resource department is looking for a climate campaigner. C) The position of a climate campaigner is challenging and interesting. D) The position of a climate campaigner will allow me to explore my skills as a campaigner. E) I think the position of a climate campaigner involves extensive travel.

Answers

Answer: A) I have decided to apply for the position of a campaigner in the climate department.

Explanation:

Which of the following is an example of a skill as defined in a KSAO?
A. Changing an oil filter
B. Ability to prioritize
C. Being punctual
OD. Holding a college degree

Answers

An example of a skill as defined in a KSAO is A. Changing an oil filter.

What are skills in a KSAO?

Knowledge, Skills, Abilities, and other characteristics (KSAO) are those things that are needed to perform a job.

Being able to change an oil filter is a skill because it is something that has to be learned and practiced overtime to perfect. The other options are knowledge and abilities.

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are there public functions that might benefit from more competion, including competition from private firms?

Answers

The public would gain from more competition in the highway and education sectors, among other public services. In order to maintain their jobs, there would be more motivation to work.

How Do Private Companies Work?

A business owned privately is known as a private corporation. Private businesses may issue stock and have shareholders, but their shares are not offered through an initial public offering or traded on public markets (IPO). Private corporations are therefore exempt from complying with the onerous filing requirements set down by the Securities and Exchange Commission (SEC) for public enterprises.

These companies generally have less liquid shares, making it more challenging to estimate their values.

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The EURO is currently used in

Answers

Answer:

You can use the euro in 19 EU countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.

Financial statements from the end-of-period spreadsheet
Paoli Consulting is a consulting firm owned and operated by Mary Paoli. The following end-of-period spreadsheet was prepared for the year ended March 31, 20Y9:
During the year ended March 31, 20Y9, $15,000 of additional common stock was issued.

Answers

Answer:

Because Yes Because Yes Because Yes Because Yes Because Yes Because Yes Because Yes Because Yes Because Yes Because Yes

Explanation:

The provided information suggests that Paoli Consulting, owned by Mary Paoli, prepared an end-of-period spreadsheet for the fiscal year ending on March 31, 20Y9. The spreadsheet likely includes various financial data, such as revenues, expenses, assets, and liabilities, to summarize the company's financial performance over the year.

The statement also mentions that during the same fiscal year, Paoli Consulting issued an additional $15,000 of common stock. Issuing common stock indicates that the company raised capital by selling ownership shares to investors.

This could be a strategic move to secure funds for business expansion, debt reduction, or other financial needs. The issuance of common stock affects the company's equity and may impact financial ratios and indicators. Overall, the end-of-period spreadsheet and the issuance of additional common stock provide insights into Paoli Consulting's financial activities and position for the specified period

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Brockman Corporation's earnings per share were $3.50 last year, and its growth rate during the prior 5 years was 11.6% per year. If that growth rate were maintained, how many years would it take for Brockman's EPS to triple?

Select the correct answer.

a. 12.41
b. 10.01
c. 2.81
d. 7.61
e. 5.21

Answers

It  would take 10.01 years for Brockman's EPS to triple.

What is future value?

The future value of the current earnings per share of $3.50 is its future worth in future years if it continues to increase at its growth rate of 11.6%, hence, based on the future value formula for a single cash flow below, we can determine the number of years it takes the EPS to triple:

FV=PV*(1+r)^N

FV=tripled EPS=$3.50*3=$10.50

PV=present EPS=$3.50

r=annual growth rate=11.6%

N=number of years it takes EPS to triple=unknown

$10.50=$3.50*(1+11.6%)^N

$10.50/$3.50=(1+11.6%)^N

3=1.116^N

take log of both sides

ln(3)=N ln(1.116)

N=ln(3)/ln(1.116)

N=10.01

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Excel allows us to create our own formulas and functions to perform calculations and solve problems within the spreadsheet. How do you think this particular function will save time in using Excel spreadsheets? What other functions can you use on a regular basis? Why? Explain.

Answers

Excel allows us to create our own formulas and functions to perform calculations and solve problems within the worksheet. This specific function will save time in using Excel spreadsheets by allowing the predefined formulas to help you quickly find a sum, average, count and maximum and minimum values, making the task faster and more dynamic.

Other excel functions that can be used regularly are date and time, being a predefined function that helps the user to return information in a cell from a date.

What are the advantages of using Excel?

This software significantly helps in the organizational work routine, through numerous tools capable of organizing lists and tables with predefined functions capable of increasing the speed of work, combined with the reliability of the results.

Therefore, excel is one of the most used management tools due to the possibility of creating spreadsheets for a variety of purposes, as well as graphs and statistics that are essential for organizational decision-making.

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