A steel manufacturing plant with a $1,100,000 payroll sustains workers' compensation losses of $90,000 in 1997. The

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A steel manufacturing plant with a $1,100,000 payroll sustains workers' compensation losses of $90,000 in 1997. The experience modification factor for this plant is 1.4, and the manual premium is $82,000. What is the loss ratio for this company?

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A steel manufacturing plant with a $1,100,000 payroll sustains workers' compensation losses of $90,000 in 1997. The

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Answer So the loss ratio for this company is 1097 This means that based on the pr... View the full answer

College Accounting A Contemporary Approach

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