100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary QuestionIn a soft insurance markWhile trend analysis can be used on various financial stat $7.99   Add to cart

Summary

Summary QuestionIn a soft insurance markWhile trend analysis can be used on various financial stat

 0 view  0 purchase

In a soft insurance markWhile trend analysis can be used on various financial statementsQuestionIn a soft insurance markWhile trend analysis can be used on various financial statements, it is most commonly applied to Available answer options Select only one option A Changes in equity statements. B ...

[Show more]

Preview 1 out of 3  pages

  • October 6, 2024
  • 3
  • 2024/2025
  • Summary
All documents for this subject (82)
avatar-seller
newage
Question


In a soft insurance markWhile trend analysis can be used on various financial

statements, it is most commonly applied to Available answer options Select only

one option A Changes in equity statements. B Income statements. C Cash flow

statements. D Balance sheets.et, PUQ Insurance Company decided to sell its

workers compensation insurance book of business to ACB Insurance Company.

ACB decided to reunderwrite the book of business assumed from PUQ. ACB

learned through the reunderwriting process that the loss ratio for this book of

business was deteriorating and the retention ratio was 40 percent. Based on this

information, what should ACB conclude about the acquired book of business?




Answer & Explanation


To address the question regarding trend analysis, let's first identify the most

common financial statement it is applied to:


Answer: B Income statements.


Explanation:

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart