ABC Insurance Company calculated the amount that it expected to pay in claims for each policy sold
Rather than selling the insurance for the amount it expected to pay in claims, ABC added an allowance to cover the cost of doing business, including commissions, taxes, and acquisition expenses. This allowance is called a(n)
A) policyowner dividend.
B) premium.
C) expense loading.
D) rate credit.
Answer: C
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The correct entry to make when a note is paid at maturity depends on whether the note is interest bearing or non-interest bearing
a. True b. False Indicate whether the statement is true or false
Explain the linguistic relativity hypothesis. Give an example to support your answer.
What will be an ideal response?
Typically a systems analysis
a. results in a formal project schedule b. does not include a review of the current system c. identifies user needs and specifies system requirements d. is performed by the internal auditor
Zhang Company reported Cost of goods sold of $835,000, ending Inventory of $41,750, and Net sales of $2,338,000. The Days' sales in inventory (rounded to whole days) is:
A. 20 days. B. 7 days. C. 56 days. D. 418 days. E. 18 days.