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This week we discuss the operations of an insurance company. As stated before, the primary technique for risk management is transferring the risk, usually to an insurance company. Every risk manager should have a strong understanding of how an insurance company operates, prices its products, underwrites the risk, sells, and services the customer. (If you don't have an employer at this time you can call an insurance agent and interview them about the commercial risks and how they help their clients manage those risks). This helps tremendously if a claim arises. Ask the risk manager of your company who provides the property insurance and respond with an overview of that insurance company. Include their history, current business model, and premium volume.
doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on
u are a fresh accounting graduate. you have landed a job with a big 3 accounting firm. the first day at your job your
doaktown products manufactures fishing equipment for recreational uses. the miramichi plant produces the companys two
al flies for aaa airlines. aaa provides its employees with several fringe benefits. al and his family are allowed to
Prepare any journal entry necessary as a direct result of the change or error correction as well as any adjusting entry for 2011 related to the situation described. (Ignore tax effects.)
What is the theoretical basis for requiring lessees to capitalize certain long-term leases? Do not discuss the specific criteria for classifying a lease as a capital lease.
with the introduction of computer-generated animated films cgi there has been much discussion of the impact on the
Products sold were snow blowers and lawn mowers. Each product sold for $700. Purchases during 2013 were as follows:
at the beginning of her current tax year angela purchased a zero-coupon corporate bond at original issue for 46000 with
sixty employees all cpas of a local public accounting firm eat lunch at least twice weekly at a very popular pizza
Prepare the journal entry to record the purchase of the bonds by Wang Communications on January 1, 2011.
a fleet of refrigerated deliverytrucks is acquired on january 5 2008 at a cost of 830000 withan estimated useful life
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