Question
Calculate the Inventory Turnover Ratio
Refer to the following information to answer the next 4 questions (Q15 to Q18):Solution
 Inventory Turnover Ratio: COGS/Average Inventory = 6,00,000/60,000 = 10 Times  COGS = Opening Stock + Purchase + Direct Expenses – Closing Stock            = 20,000 + 6,30,000 + 50,000 – 1,00,000            = 6,00,000  Average Inventory = (Opening Stock + Closing Stock) / 2            = (20,000 + 1,00,000) / 2            = 60,000 Â
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Which feature is not allowed in the Indian insurance market?
A retrocessionaire is:Â
Which Insurance is a compulsory insurance plan administered by a government agency with the primary emphasis on social adequacy?
What is the purpose of a deductible in an insurance policy?
How many Insurance Ombudsman are functional in India?
An agreement between an insurance company and an agent, granting the agent authority to write insurance from that company is called?
Which of the following form is designed to be used by many different insurers and has exactly the same provisions ?
What is the paid up capital of Life Insurance Corporation of India (LIC)?
Which of these changes would typically require an endorsement?
