You are an actuary and have historical data on the table below. Find annual expected loss per employee, E(L), in dollars. (*frequency refers to the number of accidents and severity is the total dollar loss resulting from these accidents). YEARS 1 2 3 4 5 TOTALS # O $125.250 O $90.489 EMPLOYEES O $152.353 O $75.000 O $133.344 10,000 10,780 12,220 12,900 14,100 60,000 FREQUENCY* | SEVERITY* 1000 1,600,000 900 1,600,000 1100 1,600,000 800 1,600,000 1200 1,600,000 5,000 8,000,000

You are an actuary and have historical data on the table below. Find annual expected loss per employee, E(L), in dollars. (frequency refers to the number of accidents and severity is the total dollar loss resulting from these accidents). YEARS 1 2 3 4 5 TOTALS # O $125.250 O $90.489 EMPLOYEES O $152.353 O $75.000 O $133.344 10,000 10,780 12,220 12,900 14,100 60,000 FREQUENCY | SEVERITY* 1000 1,600,000 900 1,600,000 1100 1,600,000 800 1,600,000 1200 1,600,000 5,000 8,000,000

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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Sam Winchstone operates a concrete repair business. His condensed income statement for fiscal December 31, 2021 is shown below: Sales $202,000 Cost of Goods Sold (89,000) Gross Profit 113,000 Operating Expenses (41,000) Employee Bonus (8,000) Convention Costs (6,200) Loss on Sale of Assets (3,400) Net Income $54,400 Other Information: 1. Operating expenses include a $3,000 penalty to a customer for a delay in completing a contract, $6,500 in amortization expense, a $4,500 golf membership for Sam that he uses mainly for clients and $2,600 in meals and entertainment costs. 2. Operating expenses also include $25,000 in wages to his 15 year old brother, Dean. Dean came in on Saturdays to help file paperwork. Sam could have hired an experienced adult from a temporary agency for $4,000. Dean was the only employee for the business for the year. 3. The employee bonus will be paid to Sam on January 31, 2022. 4. Sam travelled to Montreal to attend the Canadian Home Renovators convention where he…
.:3 خاص elearn.squ.edu.om P Flag question A manufacturing company has the following balances at the end of its first year's operations: Sales OMR350,000; actual manufacturing overhead OMR200,000; manufacturing overhead applied OMR114,000; unadjusted costs of goods sold OMR175,000. The costs of goods sold balance includes overhead applied of OMR51,300. Ending Work in process inventory includes overhead applied of OMR34,700. Ending finished goods inventory includes overhead applied of OMR28,000. These balances are not adjusted for the overapplied or underapplied factory overhead. The company closes year-end manufacturing overhead balances proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. How much is the gross profit for the year after disposing the year-end overhead balances? Select one: a. OMR136,300 v h OMu
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Q.4. The following data were taken from the records of Al Nada Manufacturing Company for the year ended December 2020. (Amounts are given in OMR) 15,000 4,600 27,600 8,650 554,000 4,200 96,400 1,400 29,000 159,250 25,460 9,600 Factory Depreciation Factory Insurance Factory Utilities Office Utilities Net Sales Salesman's Salary Raw Materials Used Office Repairs Office Manager's Salary Direct Labor Indirect Labor Office Property Taxes Work in process inventory was OMR 18,900 at January 1 and OMR 18,600 at December 31. Finished goods inventory was OMR 95,900 on January 1 and OMR 96,000 on December 31. Instructions: (i) Compute the cost of goods sold. (ii) What is the difference between a merchandiser's balance sheet and a manufacturer's balance sheet.
1.12 In February the business cut the hair of 190 customers, earned $4800 in profits and recorded the following operating expenses Hair commission costs 950 Salary expenses 548 Utilities 190 Depreciation of equipment 60 What was the service cost of a haircut?
Edwara Ltd comprises of three production departments and two service departments. The following information is provided for Edward Ltd for 2019. £ Supervisor's salaries Machining Factory Rent Heat and light General Repairs Machine Depreciation Machine insurance Business Rates 300,000 Assembly 200,000 Finishing 250,000 Canteen 120,000 Maintenance 150,000 £ 300,000 200,000 60,000 80,000 90,000 75,000 Floor space occupied (m2) 400 Value of machinery (£'000) 300 Service carried out by: Canteen Machining Assembly Finishing Canteen Maintenance The service departments work for the other departments as follows: 200 400 30% 25% 200 200 30% 50% 150 50 Machining Assembly Finishing Canteen Maintenance 40% 25% Maintenance 50 50 Required: a. Using Edward's Ltd overhead analysis sheet for 2019, determine the overhead allocated and apportioned to each of the five departments. b. Calculate the total overheads included in the production departments after the reapportionment of the service department…
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The information below is relating to Ibra Manufacturing Company's operations for a recent month. Item Rent on manufacturing equipment Sales salaries Cost Item OMR 2000 OMR 1000 Insurance on manufacturing building Raw materials | Advertising cost Factory repairs Depreciation on delivery trucks Manufacturing utilities Office supplies Wages for assembly workers Repairs to office equipment | Depreciation on office equipment OMR 750 R OMR 80 OMR 3000 OMR 800 OMR 200 OMR 1000 OMR 800 OMR 3000 OMR 6000 OMR 650 Instructions: Prepare the period cost schedule for the month
Iccounts ebit Receivable, Cost of Goods Sold. direct professional labor hours were estimated to be 15,000, and dire Media incurred actual overhead costs of P146,000, actual direct professional labor hours of 14,500, and actual direct labor cost of P222,000. By year-end, the firm's overhead was: a. P1,000 underapplied. b. P1,000 overapplied. C. P4,000 underapplied. d. P4,000 overapplied. 6. Galera Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On the basis of this information, one can conclude that: a. budgeted b. budgeted C. bu te d. ad exceeded actual overhead. exceeded applied overhead. was less than
Suppose you have a job that pays a monthly salary of (g) $_3,900____.Unfortunately, recent events have significantly reduced your company’s cash flow.Your employer says that everyone needs to take a 6.5% pay cut or the company mayhave to close.(a) When the 6.5% pay cut is applied to your original monthly salary, by how many dollars will your monthly pay decrease? Round your result to the nearest cent. (4) (b) What will your reduced monthly salary be after the 6.5% decrease is applied to your original monthly salary? Round your result to the nearest cent. (3) Your employer promises that when business returns to normal, everyone will get a6.5% pay raise to bring their pay back to their original levels.(c) When the 6.5% pay raise is applied to your reduced monthly salary, by how many dollars will your monthly pay increase? Round your result to the nearest cent. (4) (d) What will your new increased monthly salary be after the 6.5% increase is applied to your reduced monthly salary? Round…

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