Solution-Calculate the line expense ratio

Calculate the line expense ratio

Assignment Help Cost Accounting

Reference no: EM132902591

Question - A property-casualty insurer brings in $6.17 million in premiums on its homeowners MP line of insurance. The line's losses amount to $4,238,790, expenses are $1,523,990, and dividends are $104,890. The insurer earns $166,590 in the investment of its premiums.

1. Calculate the line's expense ratio.

2. What is meant by Cost Accounting?

3. What is the role of Cost Accounting in Price Determination?

4. What are the principles of costing system?

5. Define the term Cost Sheet?

6. What do you mean by Batch Costing?

7. What are the prerequisites for Job Costing?

8. Define the term Process Costing?

9. State the dis-advantages of Marginal Costing?

10. Explain the accounting procedure for Batch Costing?

Reference no: EM132902591

Questions Cloud

Managing the freight process from point of origin : Please discuss some of the risks freight forwarders need to look at when managing the freight process from point of origin to point of destination.

What is a short sale of stock : What is a short sale of stock? Provide an example in your own words and Describe buying on margin. Provide an example in your own words.

Determine the weighted average number of shares : On January 1, 2020, Rockwood Corporation had 210,000 common shares outstanding. Determine the weighted average number of shares

What is the procedure of getting membership : What is the procedure of getting membership? What is the advantage of getting membership?

Calculate the line expense ratio : A property-casualty insurer brings in $6.17 million in premiums on its homeowners MP line of insurance. Calculate the line expense ratio

Explain how the article applies to the real world : Explain how the article applies to the real world, your major, your current job, or your future career goal and Analyze the reasons why the author chose to use

Give an example of a leadership strategic plan : Give an example of a leadership strategic plan.

Evaluate the organizational culture : Answer the following questions that cover potential ethical and corporate responsibility issues in the real estate industry

Develop an aon network for problem : Amy White is the director of marketing for the Imagination Toy Corporation (ITC). She just received a phone call from her boss indicating that the company's boa

User Account

All Pages

Calculate the line expense ratio

Reference no: EM132902591

Reference no: EM132902591

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT