1) On 9th May, 2002 a fire occurred in the premises of a trader and partly destroyed the stock. The books of accounts, however, were saved. The stock was insured, the amount of policy being Rs. 40,000. Goods costing Rs. 5,000 were salvaged and those costing Rs. 10,000 were damaged and estimated to realise 20%. In order to make a claim on their fire policy they ask your advice and you are able to obtain the following information. The stock on hand has always been valued at 5% below cost. Details 1999 2000 2001 2002 (up to 9th May) Rs. Rs. Rs. Rs. Opening stock as valued 22,800 30,400 36,100 39,900 Purchases less returns 91,000 1,10,000 1,20,000 41,000 Sales less returns 1,40,000 1,70,000 1,86,000 75,000 Wages 28,400 31,200 34,200 12,000 Prepare a statement for submission to the insurance company in support of the claim for loss of stock.

Jan Petri is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Galaxy has assets of $788,000 and liabilities of $189,000. Using the accounting equation, determine the following amounts: a.  Stockholders' equity as of December 31, 20Y2.$fill in the blank 1 b.  Stockholders' equity as of December 31, 20Y3, assuming that assets increased by $150,000 and liabilities decreased by $45,000 during 20Y3.$fill in the blank 2

Hi, can you help me to solve this question? I have some confused. Please do not copy chatgpt! Thanks!  Here is a quick crash-course on how deductibles work. Suppose the insurance policy you purchased on your car comes with a $500 deductible. Then, if you get into an accident the amount you have to pay out-of-pocket follows the following scheme: if the true cost of damages is under $500 then you pay the full cost of damages, but if the true cost of damages is over $500 then you only pay $500 (and your insurance company pays the rest). So, if the true cost of damages is say $1,000 then you only pay $500. Suppose now that your deductible is m, where m is a fixed positive constant. Let X denote the true cost of damages of a particular accident, and let Y denote the amount of money you actually pay as a result of that accident. Further suppose that X is well-modeled by an Exp(λ) distribution for some λ > 0. (a) Express Y as a function of X. In other words, find an explicit formulation…

1. Project Eastcoast Sdn. Bhd. is planning to buy an insurance plan to minimise the risk of losses. The insurance options are as below: Plan North i. South ii. West Project Eastcost Sdn. Bhd. historical losses incurred as below: Insurance Policy An insurance policy that provides RM5,000 of straight deductible attached to it with an annual policy limit of RM22,000. An insurance policy that provides RM22,000 of aggregate deductible attached to it with a coinsurance of 5 percent. Month of claim January April May August November December An insurance policy that required 15 percent coinsurance attached to it with no policy limit. Probability of losses 0.76 0.92 0.37 0.55 0.83 0.44 As a risk management consultant, you are required to advise Project Eastcoast Sdn. Bhd. on the preferable insurance plan. Amount of Possible Loss (RM) 8,200 6,500 10,500 9,600 1,700 5,800 Determine the amount retained by Project Eastcoast Sdn. Bhd. and the amount paid by insurer for Plan North, Plan South and…

3. I owe P10,000 due at the end of 3 years without interest. What should my creditor be willing to accept today if he discounts at 7% simple interest? E0ar o 00 is ieUR todau

A merchant bought goods worth 8,000 riyals, paid half the price in cash, and agreed to pay the rest at the end of 6 months, and the seller deducted the bill once received and found that the trade discount is 1.08 of the correct discount. If you know that discount rate equals interest rate, Calculate the following: I) Interest rate. II) The basic value of the bill.

5. Vincent had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous month, so he will have to pay a finance charge. The APR is 19.2%. 9 days @ $778.12 8 days @ $1,876.00 4 days @ $2,112.50 10 days @ $1,544.31

Determine the annual insurance premiums for a policy insuring a male age 40 , who wants to purchase a whole life policy with a face value of $50,500