IBNR reserves are an estimate of:
A) losses that have been incurred but not reported to the insurer
B) losses that have been incurred and reported to the insurer, but not yet settled
C) unearned premiums the insurer owes policyholders
D) agent commissions owed
A
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Slater Company uses the cash basis of accounting. Slater Company collected $950,000 from its customers during 2015. Customers owed Slater $150,000 of accounts receivable at the beginning of 2015, and $190,000 of accounts receivable at the end of 2015. What is Slater's sales revenue for 2015 under the accrual basis of accounting?
A) $810,000 B) $950,000 C) $990,000 D) $940,000
Susan is to conduct environmental testing but the chamber cannot hold all the equipment that she wants to test. This is an example of a constraint that could impact the sequence and timing of activities in a project network. What type of constraint is it?
A. Technical B. Resource C. Scheduling D. Physical E. Time
Camilla is presenting the keynote speech for a volunteer organization’s awards banquet. She researches the speech, outlines it, creates a keyword outline, rehearses and times it, and presents it with brief notes. What delivery method is Camila using?
a. manuscript b. impromptu c. extemporaneous d. memorized
When returns are processed, they are scored to determine their potential for yielding additional tax revenues. This program is called
A. Standard Audit Program. B. Field Audit Program. C. Taxpayer Compliance Measurement Program. D. Discriminant Function System.