A property-casualty insurer brings in $6.15 Million in premiums onto its homeowners MP line of insurance. The line's losses amount at $4,212,750, expenses are $1,506,750, and dividends are $92,250. The insurer earns $153,750 in the investment of its premiums. Calculate the line's operating ratio.
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- At May 31, 20x1, Quay owned a P10,000 whole-life insurance policy with cash surrender value of P4,500. The cash surrender value is used as a collateral security for an outstanding loan of P2,500. In Quay's May 31, 20x1 statement of financial position, what amount should be reported as investment in life insurance? Answer:Consider the following: 1,000 dwellings valued at $100,000 each. Each owner faces risk of a $100, 000 loss. Owners agree to share losses that occur. If probability of loss is 0.02, and insurance company charges 200 additional amount for operating expenses and services, calculate premium to be paid by each ownerprovide all answer
- A purchaser has a total weekly income of $788. The lender is using a 26% housing expense-to-income ratio. Based on this ratio, what is the maximum monthly loan payment that the buyer will qualify for? 98. $205 $820 $888 A. B. C. D. $2,459 A business produces an annual net income of $103,000. The annual operating costs total $31,000. T rate of return is 11%. What is the estimated value of the business? 99.Find the amount to be paid by the insurance company. Assume the policy includes an 80% coinsurance clause. Round to the nearest dollar. Replacement Cost of Building: $340,000 Face Value of Policy: $306,000 Amount of Loss: $2,500Suppose a life insurance company sells a $250,000 one-year term life insurance policy to a 24-year-old female for $360. The probability that the female survives the year is 0.999477. Compute and interpret the expected value of this policy to the insurance company. The expected value is $ (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $32.71 on every 24-year-old female it insures for 1 month. O B. The insurance company expects to make an average profit of $359.81 on every 24-year-old female it insures for 1 year. O C. The insurance company expects to make an average profit of $20.84 on every 24-year-old female it insures for 1 month. O D. The insurance company expects to make an average profit of $229.25 on every 24-year-old female it insures for 1 year.
- get answerHome Infusion provides an average of 10 home health visits a day at an average net charge of $119 per visit, for $979 in average daily billings (ADB). They provide services approximately 221 days per year. All services are paid by two third-party payers: One pays for half of the billing 24 days after the service is provided and the second pays for the other half of billings in 9 days. Average cost of debt (i.e. the interest rate on bank loans) is 15%. What is the average accounts receivable balance? (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign and commas in your response. For example, $12.3456 should be entered as 12.35.)A company is considering two insurance plans with the following types of coverage and premiums: Plan A Plan B Fire/Theft $26,000 $33,000 Liability Monthly Premium $80 $177,000 $139,000 $72 Premiums are sold in units. For example, one can buy one unit of plan A insurance for $80 per month and receive $26,000 in Fire/Theft insurance. Two units of plan A insurance cost $160 per month and give $52,000 in Fire/Theft insurance. The company wants at least $774,000 in coverage for Fire/Theft insurance and $4,070,000 in coverage for liability insurance. How many units of each plan should be purchased to meet the needs of the company while minimizing cost? The company should purchase units of plan A and What is the minimum monthly premium for the company? $ units of plan B.
- Mandren Inc. has a fire insurance policy from the Blundi Insurance Company with a 90% coinsurance clause based on replacement cost. The replacement cost of the building is $600,000. The face amount of the policy Mandren purchases is $400,000. If a covered loss in the amount of $550,000 occurs, how much will Mandren collect from their insurer?Based on the following data, calculate the items requested: Rental Costs Buying Costs Annual rent $ 7,830 Annual mortgage payments $ 10,700 (9,800 is interest) Insurance $ 190 Property taxes $ 1,960 Security deposit $ 875 Down payment/closing costs $ 5,400 Growth in equity $ 900 Insurance/maintenance $ 1,500 Estimated annual appreciation $ 2,150 Assume an after-tax savings interest rate of 7 percent and a tax rate of 32 percent. Assume this individual has other tax deductions that exceed the standard deduction amount. a. Calculate total rental cost and total buying cost. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) b. Would you recommend buying or renting? multiple choice Buying RentingFind the annual homeowners insurance premium on a masonry home located in zone 1 if the home is insured for $237,000. The owner chooses a $1,500 deductible and has good credit. E Click the icon to see a hypothetical table of Estimated Annual Homeowners Insurance Premium Rates per $100 of Face Value. The annual homeowners insurance premium is $ (Simplify your answer. Type an integer or a decimal.)