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.
Q: Both Answer Required. Subject - General Account.
A: Step 1: Calculate Equivalent Units of Production (EUP)We need to calculate equivalent units for…
Q: Revenue budget variance.
A: Explanation of Revenue Budget Variance: This is the difference between actual and budgeted revenue,…
Q: Provide correct answer general Accounting
A: Step 1: Define Purchased GoodwillGoodwill is an intangible asset that represents the excess amount…
Q: Help me to get solution of this accounting question
A: Explanation of Revenue Budget Variance:Revenue Budget Variance measures the difference between the…
Q: What is the implied capital gain rate ??
A: To calculate the implied capital gain rate, we start by understanding the expected total return of…
Q: Financial Accounting: Corner Books has: Sales $764,200 Cost of goods sold $454,200 Profit margin 5.5…
A: Explanation of Price-Sales Ratio:The price-sales ratio is a financial metric that measures how much…
Q: Baltimore Company reports total assets and total liabilities of $236,000 and $115,000, respectively,…
A: To calculate the initial investment made by shareholders, we use the accounting equation:…
Q: Kindly help me with accounting questions
A: The formula for computing the inventory turnover ratio is:Inventory Turnover Ratio = Cost of Goods…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Gross IncomeGross income includes all income received in the form of money,…
Q: Hi expert please give me answer general accounting question
A: Detailed explanation:Given:Cost of truck, $ 180,000Salvage Value, $ 20,000Useful Life, 4…
Q: What is the percentage increase in sales from 2016 to 2017 ? General accounting
A: Calculation of the Percentage increase in sales from 2016 to 2017Percentage increase in sales from…
Q: Solve this cost accounting question
A: Explanation of Contribution Margin per Unit:The contribution margin per unit is the amount remaining…
Q: The Manager of a company is considering solution general accounting question
A: Step 1: Definition of After-Tax IncomeAfter-tax income refers to the profit that remains after a…
Q: Need help with this accounting questions
A: Step 1: Information providedTotal manufacturing costs incurred during the year = $635,000Cost of…
Q: What is the amount of its ending inventory?
A: Step-by-Step ExplanationWe calculate the ending inventory using the standard cost of goods sold…
Q: Kindly help me with accounting questions
A: Given:Budgeted variable maintenance costs = $300,000Actual variable maintenance costs =…
Q: Please give me answer general accounting question
A: Step 1: Define inventory Holding CostsInventory holding costs are the expenses incurred to store and…
Q: I need answer
A: Explanation of Total Manufacturing Cost:The total manufacturing cost represents the total expenses…
Q: Will recognize on the sale ? General accounting
A: Explanation: The gain or loss on sale will be calculated as = Amount realized for sale - Basis in…
Q: What is the consumer surplus for swimmers ??
A: First, we were provided with information about the pricing of a swimming pool in a nearby town and…
Q: Calculate the ending balance of the account? General accounting
A: Step 1: Define Account ReceivableAccount receivable can be defined as the proceeds amount that a…
Q: ABC Company has a beginning Work-in-Process inventory of 26,500 units (50% complete). During the…
A: To calculate the equivalent units for conversion costs using the weighted-average process costing…
Q: What is the receivables turnover ratio for bolton?
A: Step 2: Calculate Receivables Turnover RatioReceivables Turnover Ratio=Net Sales/ Average Accounts…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Tax CalculationIncome tax in Australia is calculated based on progressive tax…
Q: Don't use ai given answer accounting questions
A: To calculate the Net Income, follow these steps:1. Calculate Earnings Before Taxes…
Q: Need help with this accounting questions
A: Step 1: Definition of Inventory Turnover DaysInventory Turnover Days measures the average number of…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Cost of Goods Sold (COGS)The Cost of Goods Sold (COGS) represents the direct…
Q: Need your help with question
A: Explanation of Raw Material Purchases:Raw material purchases refer to the amount of raw materials…
Q: Can you please answer the financial accounting question?
A: Step 1: Identify Assets and Liabilities for the beginning and end of the periodStep 2: Calculate…
Q: Need help with this accounting questions
A: Number of Days' Sales in Accounts Receivable:This metric measures the average number of days it…
Q: Accounting. Answer. .
A: Step 1: Given informationBeginning inventory = $34,000Purchases during the period = $119,000Cost of…
Q: I need this question answer general Accounting
A: Step 1: Define Cash conversion CycleThe cash conversion cycle (CCC) is a metric that expresses the…
Q: Fit & Slim (F&S) is a health club that offers members various gym services. Required:…
A: In the first scenario, the separate performance obligations are the gym membership and the yoga…
Q: What amount should stellar corp recognize as compensation expense for 2020 on these general…
A: Step 1: Define Stock Option Compensation ExpenseStock option compensation expense is the cost…
Q: Consider the following information available for Barium Company.
A: Explanation of Fixed Costs: Fixed costs are expenses that remain constant regardless of the level of…
Q: Yummy Foods expects to have 43,000 pounds of raw materials inventory on hand on March 31, the end of…
A: Step 1: Key InformationProduction for June = 153,000 units.Production for July = 127,000 units.Each…
Q: What is the average accounts payable balance?
A: Calculation of Average Accounts PayableAverage Accounts Payable = (Cost of Goods Sold x Accounts…
Q: What is the proper classification of the gain ?
A: Step 1: Define Taxable Gains on the Sale of a Business AssetThe tax treatment of the gains or losses…
Q: Hi expert please give me answer general accounting
A: Step 1: Calculate Stockholders' Equity before the dividendStockholders' Equity = Assets -…
Q: Provide answer
A: Step 1:First calculate the actual price: Actual price = Actual cost of direct material purchased /…
Q: Do fast answer of this general accounting question
A: Step 1: Information providedAcquisition share = 40%Purchase Price = $75 millionBook value of net…
Q: Tokyo ended the year with an inventory of
A: Explanation of Cost of Goods Sold (COGS): Cost of goods sold, reported as $6,109,000 for Tokyo,…
Q: Financial Accounting
A: Step 1: Define Debt-to-Equity RatioThe debt-to-equity ratio is a financial metric that measures the…
Q: Perfect Print purchased supplies worth $8,500 on January 1. By December 31, they had $2,300 worth of…
A: Concept of Supplies Purchased: Supplies purchased refer to the total cost of items bought for…
Q: General Account - Firm M has a margin of 9%, turnover of 1.6, sales of $800,000, and average…
A: Step 1: Understand the RelationshipThe turnover ratio measures how efficiently a firm uses its total…
Q: GENERAL ACCOUNTING 5.7
A: Approach to solving the question: Step 1: Calculate Net SalesNet Sales = Sales Revenue - Sales…
Q: Determine the variable cost per order shipped ??
A: Step 1: Define High-Low MethodMixed costs are segregated into a variable and fixed costs. One of the…
Q: What are the beginning and ending amounts of equity on these general accounting question?
A: Step 1: Define EquityEquity represents the ownership interest in a company held by shareholders…
Q: What is ROE on these financial accounting question?
A: Step 1: Define Return on EquityThe total return generated by the company during a financial year for…
Q: Please give me correct answer this general accounting question
A: The total costs to be accounted for can be computed by using two methods:Method 1: Total Costs to be…
Do fast answer of this accounting questions


Step by step
Solved in 2 steps

- get answerprovide correct answerGil Corporation has current assets of $90,000 and current liabilities of $180,000. Required: Compute the effect of each of the following independent transactions on Gil's current ratio: 1. Refinancing a $30,000 long-term mortgage with a short-term note. 2. Purchasing $50,000 of merchandise inventory with short-term accounts payable. 3. Paying $20,000 of short-term accounts payable. 4. Collecting $10,000 of short-term accounts receivable.
- calculate total loan costs on a 7.5%, $145,000, 25-year mortgage loan with 1/2% origination fee, 3/4 of a point, $550 mortgage insurance fee, $360 document preparation fee, $395 appraisal fee, $663 title insurance fee, $125 credit report fee, $75 recording fee, and 500$ to be placed in escrow...Find 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.)An investor purchased an apartment building that generates $200,000 in annual net operating income. The apartment was purchased for $2,500,000. The investor expects to receive $75,000 annually, and a 10.0% return on equity. What is the mortgage capitalization rato? OA.6.75% OB.7.14% OC.7.31% D.8.14%
- Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers t Monthly Gross Income Monthly PITI Other Monthly Financial Obligations Housing Expense Ratio (%) Total Obligations Ratio (%) Applicant Expense Emerson $2,900 $777 $290 %A borrower with a 645 credit score is buying a $449,481 home with 95% LTV financing. The percent annual premium from the private mortgage insurance (PMI) company is 1.43% for a 30% coverage policy. The borrower's monthly premium payment is? Note: the question is asking for the monthly premium only, not the loan payment + premium. (Input your answer rounded to the nearest whole penny and without the $ sign, e.g., 1000.01)What is the annual insurance expense considering the following costs: Semiannual car insurance premium of $400 Monthly health insurance premium of $150 Annual renter's insurance premium of $120 Quarterly life insurance premium of $50

