The capital-to-assets ratio for property-liability insurers is _________ the capital-to-assets ratio of life-health insurers.
a. “greater than”
b. “less than”
c. “equal to”
Ans: a. “greater than”
You might also like to view...
Customers often take their business to competitors if they feel they have received poor service and complacency, inappropriate complaint resolution, or unmet needs from one's company.
Answer the following statement true (T) or false (F)
The aim of customer relationship management is to keep the costs of meeting and tracking consumers as low as possible
Indicate whether the statement is true or false
Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts and $134,500 in cash payments during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow:
A. $7,000. B. $0. C. $27,700. D. $10,000. E. $6,700.
On January 1, Year 1, Weller Company issued bonds with a $260,000 face value, a stated rate of interest of 10.00%, and a 10-year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 8.00%. Interest is paid annually on December 31.Assuming Weller issued the bonds for $280,640, what is the carrying value of the bonds on the December 31, Year 3? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
A. $273,258 B. $286,000 C. $277,091 D. $269,119