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Question: Albanese Co. is an insurance company specializing in short-term insurance products. You are given the following data from one of its products. Calendar year Earned premium CY1 2,000 CY2 3,000 CY3 4,000 Assume all policies are six-month policies and that the policies are issued uniformly through- out the year. The following rate changes have occurred: Date Rate Change September 1, CY1 +8% July 1, CY2 +10% April 1, CY3 -5% Using the parallelogram method, calculate the earned premium for CY1, CY2, and CY3 based on current rates.
Record these transactions in a general journal - Purchased merchandise on account from Salinas Company: Invoice 100 for $1,035; terms n/30
Given: Aco completes job#101 which has a standard of 600 labor hours at a standard rate of $20.00 per hour. Determine what is the labor efficiency variance
Instructions Prepare the general journal entries necessary to record these transactions. Equity transactions. Presented below is information related to Wyrick Company:
If the cost of goods manufactured during the year amounted to $1,330,000 and annual sales were $1,996,000, how much is the amount of gross profit for the year
It is estimated that the lighting equipment will have a salvage value of $35,000 at the end of the 5-year period. Using DCF techniques.
the standard costs and actual costs for factory overhead for the manufacture of 2500 units of actual production are as
Use the footprint tool from the web page What Is Your Ecological Footprint?to calculate your ecological footprint. At every opportunity
Analyze the risks associated with the suggested assets as well as the potential effects of diversification, taxation, inflation, and currency fluctuations
Draw a cash flow diagram for the following cash flow.
The project is estimated to generate $2,650,000 in annual sales, with costs of $840,000. If the tax rate is 35%, what is the OCF for each year of this project
1. company issued 200000 shares of common stock for 15 per share. the par value of each share is 5.2. company issued
Describe margin and short selling. What are the key differences between the two strategies? Which of the above strategy is riskier? Why
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