0
What else can I help you with?
What is non proportional reinsurance?
Non-proportional reinsurance is a type of reinsurance arrangement where the reinsurer agrees to cover losses that exceed a specified threshold, rather than sharing a proportional amount of all premiums and losses. This means that the primary insurer retains a certain amount of risk up to the attachment point, while the reinsurer is responsible for losses above that limit, typically up to a defined cap. This arrangement allows insurers to manage large, unexpected losses without affecting their overall premium income significantly. Common forms of non-proportional reinsurance include excess of loss and stop-loss coverage.
Mayberry Co has a loss contingency to accrue The loss amount can only be reasonably estimated within a range of outcomes No single amount within the range is a better estimate than any other amount?
In this situation, Mayberry Co should recognize the loss contingency by accruing the minimum amount within the range of estimated outcomes. This approach adheres to accounting principles, which dictate that when a range of losses exists and no specific amount is more likely than another, the lower end of the range should be reflected in the financial statements. This ensures that the financial statements do not overstate liabilities while still providing a conservative estimate of potential losses.
What are the benefits of major medical expense protection?
it protects against catastrophic losses yet avoids administrative burdens associated with smaller claims below the deductible amount.
What are constant and variable losses in transformers?
In transformers, constant losses, also known as fixed losses or iron losses, primarily include hysteresis and eddy current losses in the core, which remain relatively constant regardless of the load. Variable losses, or copper losses, occur due to the resistance of the windings and vary with the load current; they increase as the load increases. Together, these losses contribute to the overall efficiency of the transformer, influencing its performance under different operating conditions.
What does turtle mean by the expression paper losses...doesn't mean anything?
In the context of investing, "paper losses" refer to losses on investments that have not yet been realized through a sale; essentially, they are hypothetical losses on paper rather than actual cash losses. When Turtle says "paper losses... doesn't mean anything," he suggests that such losses shouldn't be a cause for concern unless the investor decides to sell the asset. It emphasizes the idea that market fluctuations are normal, and the true measure of an investment's success is realized gains or losses, not unrealized ones.
EXAMPLE OF increase in liability equals decrease in owners equity?
A company takes accounts payable to increases revenue but suffer losses.
Is lottery losing tickets a tax deduction?
You may deduct the amount of your losses to the extent total of your winnings. In other words if you won $10, and lost $20, you can only claim a loss of $10. $10 winnings minus $10 in losses equals $0.00 ... moot point ... so why even put it down on the form.
What is the formula to calculate profit?
A simple profit formula reconciles revenue to losses and expenses. Profit equals the total revenue subtracted by losses and expenses.
Can you claim your gambling losses on your taxes if you have won a substantial amount Ohio?
Gambling winnings are offsettable with losses. All verifyable of course.
Do gambling losses reduce gross income?
No. But gambling losses up to the amount of taxable gambling wins can be taken as an itemized deduction.
Are casino losses tax write offs?
Yes, but only to the limit of gambling wins. Losses can not exceed the amount of claimed wins.
Drift losses in cooling tower?
Windage (or drift) losses (W) is the amount of total tower water flow that is evaporated into the atmosphere.
Net Receivables the same as accounts receivables?
Accounts Receivable means that people owes you money, when you sell products or service and they have to pay in 30 days, 45 days, etc., So for example: If we sell $500 in goods or service and in the transition of 30 days, our A/R equals to $500. But if they pay in cash, our accounts receivable is $0.To get A/R Net you need to know your provision for loan losses. When the client don't pay on the 30 days terms (it can be 45 days, etc), you write off for your provision for loan losses, this means that this amount is lost, because the customer fail to pay the amount in the 30 daysNow, A/R Net simply you can get it like this(A/R) - (Provision for loan losses) = A/R Net
What is a comparison of the amount of energy before conversion with the amount of useful energy after conversion?
The amount of energy before conversion is typically higher than the amount of useful energy after conversion due to energy losses during the conversion process. These losses can occur in various forms, such as heat, sound, or light, reducing the efficiency of the conversion process. It is essential to minimize these losses to optimize energy efficiency.
What instrument measures losses?
Many different instruments measure losses depending upon the field. For example, reflectometers measure electronics losses and a manometer measures pressure.
What is a carrying amount?
Carrying amount is the amount at which an asset is recognised in the balance sheet after deducting any accumulated depreciatoin and accumulated impairment losses thereon
Who had the highest loses in world war 2?
Total Losses in WWII numbered around 50 Million. The highest losses were sustained by the Soviet Union, which had over 20 Million dead. The answer above is true but it depends what you are talking about. Civilian, soldiers killed in action, or war crimes.
