A property-casualty insurer collects $8.4 million in premiums on its commercial auto insurance line. The line experiences losses of $5,460,000, expenses of $2,184,000, and pays dividends of $126,000. The insurer earns $210,000 from investing the premiums. Calculate the line's operating ratio.
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A property casually insure general accounting collects $8.4 million In premium
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- What is the actual debt service coverage ratio on these financial accounting question?provide all answerA 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.
- Wilson Finance purchased $200,000 in accounts receivable from Harrison Manufacturing for $185,000. After 120 days, Wilson Finance was able to collect $195,000 from the receivables. Determine the rate of return on this investment for Wilson Finance.get 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.
- A borrower purchased a $250,000 house with 5 percent down payment taking a mortgage loan for the rest of the amount. Private mortgage insurance covers 6 percent of the loan. Suppose the borrower defaults after the loan has been paid down to $223,000. Suppose further the lender is able to sell the foreclosed house for $211,000. What compensation from the mortgage insurer does the lender get?Based on the following data, calculate the items requested: Rental Costs Annual rent Insurance Security deposit $ 7,780 $185 $ 850 Rental cost Buying cost Buying Costs Annual mortgage payments Property taxes Down payment/closing costs Growth in equity Insurance/maintenance Estimated annual appreciation Assume an after-tax savings interest rate of 6 percent and a tax rate of 28 percent. Assume this individual has other tax deductions that exceed the standard deduction amount. $ 10,600 (9,775 is interest) $ 1,940 $5,300 $825 $ 1,450 $ 2,100 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? PA house has been sold for $180,000. The mortgage company requires a 25% down payment and charges a loan origination fee of 2.5 points in addition to $800 in other fees. Find the total of the down payment and the closing costs. Round your answer to the nearest cent.
- Based on the following data, calculate the items requested: Rental Costs Buying Costs Annual rent Insurance $ 7,630 Annual mortgage payments $ 170 Property taxes Security deposit $ 775 Down payment/closing costs Growth in equity $ 10,300 (9,700 is $ 1,880 $ 5,000 $ 600 Insurance/maintenance Estimated annual appreciation $ 1,300 $ 1,950 Assume an after-tax savings interest rate of 7 percent and a tax rate of 32 percent. Assume this individual deductions that exceed the standard deduction amount. a. Calculate total rental cost and total buying cost. (Do not round intermediate calculations. Round your nearest whole dollar.)Based on the following data, calculate the items requested: Rental Costs. Annual rent Insurance Security deposit $ 8,180 $ 225 $ 1,050 Rental cost Buying cost Buying Costs Annual mortgage payments Property taxes Down payment/closing costs Growth in equity Insurance/maintenance Estimated annual appreciation Assume an after-tax savings interest rate of 6 percent and a tax rate of 28 percent. Assume this individual has other tax deductions that exceed the standard deduction amount. $ 10,500 (9,975 is interest) $2,100 $ 5,200 $ 525 $ 1,850 $ 2,500 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? O Renting O Buyingprovide correct answer