Compute the severity of losses of Insurer A:(use a decimal number, rounded to the nearest 10th, without $ sign. For example, 1234.5)NARRBEGIN: AUTO DATAInsurer A-Auto Claims and Losses# ofclaimsYear123Typed numeric answer will be automatically saved.123NARREND450320500Insurer B-Auto claims and LossesYearTotalLosses$900,000.00$700,000.00$850,000.00370320430Losses$450,000.00$350,000.00$620,000.00

An insurer is a company that underwrites an insurance risk. Insurer sells insurance to other…

Compute the severity of losses of Insurer A: (use a decimal number, rounded to the nearest 10th, without $ sign. For example, 1234.5) NARRBEGIN: AUTO DATA Insurer A-Auto Claims and Losses # of claims Year 123 2 3 450 320 500 Total Losses $900,000.00 $700,000.00 $850,000.00

Compute the severity of losses of Insurer A: (use a decimal number, rounded to the nearest 10th, without $ sign. For example, 1234.5) NARRBEGIN: AUTO DATA Insurer A-Auto Claims and Losses # of claims Year 123 2 3 450 320 500 Total Losses $900,000.00 $700,000.00 $850,000.00

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Concept explainers

Motor Vehicle Insurance

Motor vehicle insurance is a contract between the insurance company that provides insurance cover and the person who owns the vehicle. According to the terms and conditions of the insurance contract, the insurance company reimburses the policyholder for losses and damages. This insurance policy covers the financial risks of the motor vehicle owner. Electronic vehicles are also covered in a vehicle insurance policy, but the insurance rate is relatively higher than other motor vehicle insurance. Motor vehicle insurance is otherwise called an automotive insurance policy.

Question

Compute the severity of losses of Insurer A:
(use a decimal number, rounded to the nearest 10th, without $ sign. For example, 1234.5)
NARRBEGIN: AUTO DATA
Insurer A-Auto Claims and Losses
# of
claims
Year
1
2
3
Typed numeric answer will be automatically saved.
1
2
3
NARREND
450
320
500
Insurer B-Auto claims and Losses
Year
Total
Losses
$900,000.00
$700,000.00
$850,000.00
370
320
430
Losses
$450,000.00
$350,000.00
$620,000.00

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uncollectible accounts in each age category are as follows: Age Class Balance Percent Uncollectible Not past due $902,000 3/4% 1-30 days past due 292,000 1 31-60 days past due 98,500 8 61-90 days past due 68,000 16 91-180 days past due 44,700 50 Over 180 days past due 15,500 80 $1,420,700 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31. Estimated Estimated Uncollectible Accounts Uncollectible Accounts Age Class Balance Percent Not past due $902,000 3/4% 1-30 days past due 292,000 1 31-60 days past due 98,500 8 61-90 days past due 68,000 16 91-180 days past due 44,700 50 Over 180 days past due 15,500 80 Total $1,420,700 Check My Work Amount
vin.3
NAME Barney, R. S. Fisk, M. C. Hayes, W. O. Lee, L. B. Parks, S. J Tempy, E. B. EARNINGS EARNINGS EARNINGS UNEMPLOYMENT SECURITY MEDICARE 1,932.00 1,932.00 1,932.00 1,932.00 567.00 567.00 567.00 567.00 483.00 483.00 483.00 483.00 679.00 679.00 679.00 679.00 578.00 578.00 578.00 578.00 546.00 546.00 546.00 546.00 4.785.00 4,785.00 4,785.00 4,785.00 DATE ..... 20-- Jan. 7 Assume that the payroll is subject to an employer's Social Security tax of 6.2 percent on the first $118,500 and a Medicare tax of 1.45 percent on all earnings. Also assume that the federal unemployment tax is 0.6 percent, and that the state unemployment tax is 5.4 percent of the first $7,000. 1,932.00 567.00 483.00 Give the entry in general journal form to record the payroll tax expense. If an amount box does not require an entry, leave it blank. If required, round your intermediate calculations and final answers to the nearest cent and use the rounded answers in subsequent computations. 679.00 578.00 546.00 4,785.00…
If a business has the following balances, what would be the amount of total liabilities?ASSETSCash $ 5000Accounts Receivable 2575Equipment 14000OWNER'S EQUITYAnne Miller, Capital 2600
pra.9
Please help me
Qw.8.
Name Social Security # 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total Robert G. Cramer 000-00-0001 $5,800 $5,000 $5,000 $5,200 $21,000 Daniel M. English (Supervisor) 000-00-0003 13,000 13,400 13,400 13,400 53,200 Ruth A. Small 000-00-1998 2,000 2,300 2,300 2,400 9,000 Harry B. Klaus 000-00-7413 11,600 11,700 11,700 11,700 46,700 Kenneth N. George (Manager) 000-00-6523 13,600 14,000 14,500 15,000 57,100 Mavis R. Jones 000-00-6789 1,600 1,700 1,700 -0- 5,000 Marshall T. McCoy 000-00-3334 11,400 11,400 -0- -0- 22,800 Bertram A. Gompers (President) 000-00-1014 24,500 25,000 25,500 26,300 101,300 Arthur S. Rooks 000-00-7277 -0- 700 1,700 1,700 4,100 Mary R. Bastian 000-00-8111 8,000 8,200 8,200 8,200 32,600 Klaus C. Werner 000-00-2623…
Please help me
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