Q. 2 The following data is obtained from the books of Blue Insurance Company related to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Q. 2 The following data is obtained from the books of Blue Insurance Company related to Premiums. All amounts are given in rupees. (20) Prepaid reinsurance premium ceded Opening Closing Class Reinsurance Premiums Unearned premium ceded written reserve Opening Closing Fire and property damage Marine, aviation and transport 38,407,579 49,132,652 23,831,702 18,474,924 28,918,784 23,091,158 22,684,549 32,881,187 2,663,085 3,502,943 3,171,563 4,389,644 144,749,425 1,514,851 Motor Accident and health 3,184,309 1,131,356 54,060,186 62,584,901 43,208,903 71,879,782 22,679,234 21,238,115 31,388,267 34,664,017 Miscellaneous 18,921,380 33,318,657 27,577,551 9,652,523 29,993,506 14,872,970 You are required to prepare the statement of Premium for the year ended on December 31, 2021. Q. 2 The following data is obtained from the books of Blue Insurance Company related to Premiums. All amounts are given in rupees. (20) Prepaid reinsurance premium ceded Opening Closing Class Reinsurance Premiums Unearned premium ceded written reserve Opening Closing Fire and property damage Marine, aviation and transport 38,407,579 49,132,652 23,831,702 18,474,924 28,918,784 23,091,158 22,684,549 32,881,187 2,663,085 3,502,943 3,171,563 4,389,644 144,749,425 1,514,851 Motor Accident and health 3,184,309 1,131,356 54,060,186 62,584,901 43,208,903 71,879,782 22,679,234 21,238,115 31,388,267 34,664,017 Miscellaneous 18,921,380 33,318,657 27,577,551 9,652,523 29,993,506 14,872,970 You are required to prepare the statement of Premium for the year ended on December 31, 2021.
Expert Answer:
Related Book For
Cost Management A Strategic Emphasis
ISBN: 978-0078025532
6th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
Posted Date:
Students also viewed these accounting questions
-
The following data is obtained from the recent financial statements for two U.S. automakers (in $millions). Ford GM Sales $154,379 $178,199 Cost of goods sold 142,589 166,239 Required 1. Calculate...
-
The following data is obtained from the recent financial statements for two U. S. auto makers. Required 1. Calculate and interpret total productivity in millions for the two automakers. Assume that...
-
For the year ended on December 31, 2010, XYZ had net income of $90,000 and paid dividends of $40,000. Prepare the journal entries to record the result using EQUITY METHOD of accounting. Show your...
-
Reisen Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 10 helicopters makes between 1,000 and 2,000 round-trips per year....
-
Refer to Exercise 6.60. In exercise Instead of conducting a statistical test, use the sample data to answer the question, what is the difference in mean flare illuminations for the two mixtures?...
-
1. Assess the quality of Dr. Bithoneys decision to sell his house in New York and move to Atlanta without a properly executed employment agreement. 2. Why was the severance agreement subject to the...
-
If you were standing directly at the earth's north magnetic pole, in what direction would a compass point if it were free to swivel in any direction? Explain.
-
Creative Solutions Company, a computer consulting firm, has decided to write off the $11,750 balance of an account owed by a customer, Wil Treadwell. Journalize the entry to record the write-off,...
-
Assigned group leaders of each module are responsible for setting up the Padlet and making sure their group understands what is expected for each project. How will you, when you are assigned the role...
-
Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2024, appears below. December 31 is the company's reporting year-end. The company uses...
-
How to calculate pI value for Leu-Glu-Asp Arg-Ala-Glu-beta OH - Asp; the ok of the artificial Amino acid sidechain betaOH-Asp is 3 His-Lys-Asp-Gly
-
In the UK, there is an estimate of 270 nationalities and 300 languages. Even this is only part of the story as within these figures are hundreds of sub-groups and identities. With an imperfect...
-
One student will role-play a retail store manager who has traditionally been paid a flat basic salary and a percentage of sales generated by their store. The chain has merged with another company and...
-
In some countries, fake qualifications and forged certificates are as common as the real thing. To what extent do you think that this devalues the real thing? If it is so easy to obtain convincing...
-
The use of social media for public screening of job applicants can offer benefits to an employer such as a relatively low cost recruitment alternative and a means for finding information about...
-
What can retirement benefits specialists in the United States learn from the successful experience of the Australian Superannuation retirement program? Do you think that American citizens would...
-
Primary Key is a combination of two types of constraints. Find the correct one in the list below. a ) ) UNIQUE & DEFAULT b ) ) CHECK & UNIQUE c ) ) UNIQUE & NOT NULL d ) ) CHECK & AUTO INCREMENT
-
Walker, Inc., is an all-equity firm. The cost of the company's equity is currently 11.4 percent and the risk-free.rate is 3.3 percent. The company is currently considering a project that will cost...
-
A management method in which managers and employees commit to a process of continuous improvement is best described as a. Total quality management b. Business process improvement c. Lean accounting...
-
This assignment pertains to the following article: Thomas L. Barton and John B. MacArthur, "The New Hue of Green for the Management Accountant," Strategic Finance (March2011), pp. 36-41. The article...
-
Webster Company produces 25,000 units of product A, 20,000 units of product B, and 10,000 units of product C from the same manufacturing process at a cost of $340,000. A and B are joint products, and...
-
Determine the equivalent resistance \(R_{\text {eq }}\) for the circuit shown in Figure 6.9. FIGURE 6.9 Problem 2. +O V www R ww R3
-
Determine the equivalent resistance \(R_{\text {eq }}\) for the circuit shown in Figure 6.8. FIGURE 6.8 Problem 1. W R1 ev
-
Determine the equivalent resistance \(R_{\mathrm{eq}}\) for the circuit shown in Figure 6.11. Assume that all resistors have the same resistance of \(R\). FIGURE 6.11 Problem 4. R W R3 BA w R ww
Study smarter with the SolutionInn App