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A steel manufacturing plant with a $1,100,000 payroll sustains workers' compensation losses of $90,000 in 1997. The experience modification factor for this plant is 1.4,
A steel manufacturing plant with a $1,100,000 payroll sustains workers' compensation losses of $90,000 in 1997. The experience modification factor for this plant is 1.4, and the manual premium is $82,000. What is the loss ratio for this company?
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Answer So the loss ratio for this company is 1097 This means that based on the pr...
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
4th edition
978-1259995057, 1259995054, 978-0077503987, 77503988, 978-0077639730
