1. A fixed amount added to the premium of a given poli regardless of policy size is known as O hl no O a) policy fee

Q: Define the term recovery allowance percentages?

A: Tax based depreciation rates are provided by the IRS and are called MACRS which is the modified…

Q: An example of an expense classifi cation by function is: B . interest expense

A: An example of an expense classification by function is

Q: Selecting the method or procedure that yields less net income is an application of Select one: O a…

A: Accounting principles are the set of rules and instructions which should be followed while preparing…

Q: What are the major differences in translating liabilities between the What are the…

A: liabilities  The financial responsibilities of a business, such as money owed to suppliers, wages…

Q: What are Contingent Liabilities?  Give an example.  What are the factors that determine the reason…

A: A liability, the occurrence of which is uncertain that is it may or may not occur is known as a…

Q: How do you calculate inflation premium

A: Inflation refers to the sustained increase in the general level of prices of goods and services in…

Q: How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation…

A: Accumulated Benefit Obligation and Projected Benefit Obligation both are terms used in the pension…

Q: 7 What are utilities, property taxes, and insurance all examples of? A O Contract contingencies. BO…

A: We first needs to understand all the terms given in the question to answer the question. Contract…

Q: What are the most frequent uses of contingent payments?

A: A contingent payment is a mechanism used in M&A whereby, in addition to an upfront payment,…

Q: explain the application of compounding measures: effective or nominal / interest or discount rates,…

A: The sum that the lender demands from the borrower in addition to the principal amount is known as…

Q: contingent liabilities? Which two conditions have to be met in der to report a contingent liability…

A: The foundation for determining investor returns and analyzing a company's financial structure is the…

Q: Which of the following is a key distinction between variable whole life and variable universal life…

A: Variable Whole Life: Life insurance policy where the cash value and death benefit vary based on…

Q: When accounting for contingent liabilities IFRS GAAP defines ‘probable’ as a. likely b. more…

A: Under both IFRS and GAAP, a contingent liability is a potential obligation that arises from past…

Q: In general terms, how would a change ininvestment opportunities affect the payoutratio under the…

A: Answer: In the residual dividend policy, the distribution is calculated after the company’s spending…

Q: Which of the following is not an insurance management tool? Group of answer choices deductibles.…

A: Insurance management: Insurance Management is the administration of all insurance requirements, both…

Q: what is the Difference between derivatives and insurance contract

A: Derivatives and insurance contracts are both financial instruments used for managing risk, but they…

Q: The fee paid to the underwriter is called the a. tactical spread. b. gross spread. c. net spread. d.…

A: Gross Spread refers to the underwriters' fees which they received for arranging out and underwriting…