Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100 Cash SR 50 Short-term investment SR 150 Average assets SR 1500 Total expenses SR 200 Net income SR 100 Gross contributions SR 600 Net contributions SR 550 What is expense ratio? а. 40% b. 30% C. 36.3% d. 50%

Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100 Cash SR 50 Short-term investment SR 150 Average assets SR 1500 Total expenses SR 200 Net income SR 100 Gross contributions SR 600 Net contributions SR 550 What is expense ratio? а. 40% b. 30% C. 36.3% d. 50%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What amount was reported by Jolo Company as actual return on plan assets? 1 000 000 1 100 000 900 000 200 000
NC.OMB Summ ARY 0 5000 75,000 From the information above- determine income or loss amount. To answer if income, amount and capital C. Example 100000C To answer if loss, amount and capital L. Example- 100000L
VOLTE If the difference between current assets and current liabilities is 67.2, bill payable 147.7, creditors 30, prepaid expenses 10, then what is the total current assets? Select one: Oa. All the given choices are not correct Ob. 187.70 Oc. 244.90 Od. 97.20 Oe. 254,90 Next page O O D 个
Question AR and Chave partenhp caplcot bcs 00 S00 and Stas 0, ly the income sharng A sR n ws. Add wi e parrh nd apeed that part pays S9500 A perh t The flnces t's and Cs Captal cc aer As wal wodd be OARSEND00C 0 OaR SS00, C 00
Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000, Commission received OMR 4000 and Dividend received OMR 2000. O a. OMR 21000 O b. OMR 24000 Activa Go to O c. OMR 19000 O d. OMR 18000 93°F
ote: Total Aet-Cuat linbiwbe Accumulated fundo tthistoation: The recepts and gagmetsalleunte of Liar c for the you Balane If Sub saptindn knded 2lst Delamt 1999 Wee ce Inserrance Rate l,000 ting 3,650 L, 700 600 Glavenalerpanes 6itor Reut fnnitume Sought lana /d 27,250 Sonatins 8,500 8,150 7,80 2,St0 27250 The fillowing nformetim Rates were 3600 2,F00 popaid Geneal Raputes prepaid Doo Raut Buing Subsaptim in Qureas 100 75 Foo 600 The foced assets funituns Cnd fifting Premies bepreciate thu Asets as at Ist jan 999 were; at1,500 A5,00 by o pepare; Youre veequired to Statemat of affats - m Come and"copenditwe allounts 2 Balane sheetas at 3lst Delember 1999,
If the difference between current assets and current liabilities is 88.7, bill payable 166.5, creditors 30, prepaid expenses 10, then what is the total current assets? Select one: O a. All the given choices are not correct Ob. 206.50 Oc. 118.70 Od. 285.20 O e. 295.20
Given: Asset change during year Liability change during year Capital Contribution Dividends Net Income / Net Loss -5 Net Income is: O a. $5 b. $2 C. $4 d. $8 O e. $2 Clear my choice 97282 O O O
Calculate net profit from the following? Net sales OMR 100000, Cost of goods sold OMR 40000, Rent received OMR 20000, Salaries OMR 10000, Insurance OMR 6000 and Depreciation OMR 8000. a.OMR 60000 b.OMR 64000 c.OMR 70000 d.OMR 56000
What is the situation that best describes the following amortization schedule? Payment # Amount Paid Interest Portion Principal Portion Principal Balance 12,000.00 1 3,132.39 210.00 2,922.39 9,077.61 2 3,132.39 158.86 2,973.53 6,104.08 3,132.39 106.82 3,025.57 3,078.51 4 3,132.38 53.87 3,078.51 0.00 Total 12,529.55 529.55 12,000.00 a. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. b. Fabrizio received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 70% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. C. Reuben received a loan of $12,000 froma bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded every…
Board HW #1 PRIOR SERVE COST = 500 EM YRS = 20 DO ENTRY NOW DO THE AMORTIZATION ENTRY EVERY YR Board HW #2 PRIOR SERVICE COST EMPL #1 = 6 YRS EMPL #2 = 5 YRS EMPL #3 = 4 YRS EMPL #4 = 2 YRS EMPL #5 = 1 YRS FIND THE AMORTIZ PER YR UNDER BOTH METHODS
Compute total income from the following? Gross Profit OMR 15000, Rent Paid OMR 3000o, Commission received OMR 4000 and Dividend received OMR 2000. a. OMR 18000 b. OMR 19000 C. OMR 24000 d. OMR 21000