A company X (whose main offices are in London) has three business units: one in Gloucestershire, one
Question:
A company X (whose main offices are in London) has three business units: one in Gloucestershire, one in Essex, and one in Yorkshire. The company buys property insurance through a captive. Each business unit has a deductible of £10,000 and the captive has a deductible of £100,000. All the rest is ceded to the insurance market.
Describe who pays how much in the case of these (accepted) claims:
a. A claim of £1,500 in Gloucestershire
b. A claim of £25,000 in Essex
c. A claim of £1,300,000 in Yorkshire
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
65+ Reviews
86+ Question Solved
Related Book For 
Question Posted:
