Explain when a basis adjustment for loss property is taken. Include in your answer the default...

Explain when a basis adjustment for loss property is taken. Include in your answer the default application and election available to Corporation/Shareholder. Discuss when it would make sense to use the election. Include in your answer an example to illustrate your analysis.

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ekkarill92 answered 2 years ago

If the loss ratio on a line of property insurance is 75 percent, the loss adjustment...

If the loss ratio on a line of property insurance is 75 percent, the loss adjustment expense is 14.2 percent, and the ratio of commissions and other acquisitions expenses is 16 percent, is this line profitable?

If the loss ratio on a line of property insurance is 76 percent, the loss adjustment...

If the loss ratio on a line of property insurance is 76 percent, the loss adjustment expense is 13.4 percent, and the ratio of commissions and other acquisitions expenses is 15 percent, is this line profitable? A. Yes, because the combined ratio is 104.4% B. No, because the combined ratio is 104.4% C. No, because the combined ratio is less than 104.4% D. No, because the combined ratio is less than 104.4%

Explain why, when all adjustment have taken place, the perfectly competitive firm will operate at the...

Explain why, when all adjustment have taken place, the perfectly competitive firm will operate at the minimum of its short-run and long-run average total cost curves and earn zero economic profit.

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Describe the recommendations for a successful weight loss plan. Include in your answer weight cycling, and...

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Exercuse Answer each question, and explain the basis for your answer A furniture retailer purchased a...

Exercuse Answer each question, and explain the basis for your answer A furniture retailer purchased a shipment of furniture and signed a promissory note, which the furniture manufacturer sold to a finance company. The retailer found the furniture to be defective. Can the retailer decline to pay the note? Response: A customer expected to pay for a car with a payment she hoped to receive from her insurance company. The exact date of payment was indefinite. To accommodate her, the...

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Which of the following are redox reactions ? Explain your answer on the basis of changes...

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e0. Which of the following is NOT taken into account when determining if gain or loss...

e0. Which of the following is NOT taken into account when determining if gain or loss should be recognized by the shareholder on the transfer of property to a corporation in exchange for a controlling interest in stock of the corporation. a) Ownership of a least 80% of all stock b) Receiving money in addition to stock c) Fair market value of property transferred to corporation by shareholder d) Mortgage on shareholder’s property assumed by corporation. e) None of the...

Define social surplus and deadweight loss. Provide examples and explain your answer.

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