Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a) calculate the accumulated reserve as of decembe

a) Calculate the accumulated reserve as of December 31,2018, using the Bornhuetter-Ferguson method...

80.2K

Verified Solution

Question

Accounting

a) Calculate the accumulated reserve as of December 31,2018, using the
Bornhuetter-Ferguson method with volume-weighted development factors.
Assume claims close after 2 years.
b) Calculate the accumulated reserve as of the same date, but under the
Expected Loss Ratio method (Loss Ratio).
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

23. Consider the 5 x 6 matrix A whose (i,j)h element is aij i+j; (a) What is...

Advance Math
Q

In the circuit shown R R 102 and resistance per unit length of wire PQ...

Physics
Q

The diagram shows an elevator moving 1 1 up with a constant velocity The work...

Physics
Q

What reason allows the following statement and conclusion to be true Statement Point N is...

Geometry
Q

Two friends race against each other in 100 meter and 800 meter races Of the...

Geometry
Q

For the piecewise function find the values g 5 g x a 5 x 7...

Algebra
Q

In 2021 an investor sold capital property for $80,000. The cost base of the property...

Accounting
Q

Indirect method. Additional information: 1.) Operating expenses are composed of: Depreciation...

Accounting
Q

Periodic Inventory by Three Methods ; Cost of Merchandise Sold The units of an item...

Accounting
Q

Los activos corrientes son: Pregunta de opcin mltiple. propiedades, planta y equipo...

Accounting
Q

Exercise 12-12A (Algo) How the allocation of fixed cost affects a pricing decision LO 12-3...

Accounting
Q

Introduction about stocks and their market index AXA(CAC 40 index) .

Finance