How much loss should Nyx recognize

Q: o lose a dollar than to gain a dollar

A: Business or life is all about gaining and losing, if one person will gain something the other will…

Q: What disclosures are required for remote likelihood of losses?

A: Likelihood of losses means chance of occuring loss in some future events of the business. Likelihood…

Q: would you approve or deny them in receiving this loan and why

A: Annual Income is $10,000, Monthly Debt payment 30% of monthly Income, FICO score is 550 Checking…

Q: How much life insurance does an individual need?

A: Meaning of life insurance:life insurance is nothing but a contract between insurance company and…

Q: Explain the differences between actual cash value (ACV) and replacement cost for homeowner’s…

A: The difference between actual cash value coverage and replacement cost coverage is the depreciation.…

Q: Why do you think people have such a hard time with long-term goals like saving for retirement,…

A: Generally, human feels some quite insecurity for his future once he would develop with less energy…

Q: scuss insurance costs and unreimbursed losses

A: Defining and discussing  the terms, Insurance Cost and unreimbursed losses, both the terms are used…

Q: Which one (1) of the following conditions affects the amount of settlement of an insured loss? OA)…

A: As per Bartleby guidelines, only one question can be solved at a time. Please reupload other…

Q: Have we made the payment structure of health care to complicated?

A: Health care providers are paid based on the quality of care they provide rather than…

Q: Why are the expenses ignored?

A: As per the question  after-tax cash flow from the sale is to be calculated

Q: What are the pros and cons of asking a friend or a family members for financial help?

A: Before contacting a loved one about loan money, it is essential to consider the potential benefits…

Q: What type of life insurance policy would give you investment choice?

A: Unit linked insurance plans (ULIP) is life insurance plans that having hybrid characteristics. This…

Q: 16 What source of foreclosure leads comes with a built-in sense of trust and credibility with the…

A: Foreclosure refers to a legal proceeding that helps the lender in recovering the blended money to…

Q: Why would an insured inflate claims and who are the ones to suffer for it?

A: Insurance can be defined as the contract that is signed by an insurer indemnifies another person…

Q: What does the affordable care act do for those not insured?

A: Affordable Care Act is a comprehensive healthcare reform which has been introduced from March, 2010,…

Q: How can a patient benefit if the premiums paid are more than the cost of the medical care received?…

A: When deciding between individual and group health insurance, a patient should consider several…

Q: Name a peril that is often excluded from an home or auto insurance policy.  Why is the peril…

A: Insurance is a contract that compensates the insurer against loss from specific contingencies or…

Q: what are the advantages of high deductible on home insurance

A: A percentage deductible is generally greater than a conventional flat rate based on your houses'…

Q: What actions can a person take to reduce the cost of automobile insurance?

A: Automobile insurance is the instrument that is used to cover the losses or harm to vehicles that…

Contingent Liabilities and Provisions

A contingent liability can be defined as a liability the occurrence of which is dependent upon the happening of an uncertain future event. It is generally recorded in the books only when the amount of liability can be reasonably estimated and the contingency is likely to occur shortly.