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Takaful company has the following information: Cash SR 50 Short-term investment SR 150 Average assets SR 1500 Net income SR 100 Average investment accounts SR
Takaful company has the following information: Cash SR 50
- Short-term investment SR 150
- Average assets SR 1500
- Net income SR 100
- Average investment accounts SR 300
- Short-term liabilities SR
- Short term investment SR 200
- Contributions receivable SR 10
- Claims payable SR 100.
What is the cash to claim payable?
| a. | 100% | |
| b. | 40% | |
| c. | 50% | |
| d. | 200% |
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Cost Accounting Foundations And Evolutions
Authors: Amie Dragoo, Michael Kinney, Cecily Raiborn
10th Edition
1618533533, 9781618533531
