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Hi John
I hope you’re having a good weekend. Could you please help me with 12:13
Thankyou very much
Arahn
You need to tell me which book you are referring to (and what help you need).
Hi John
I am referring to BPP. I am not sure how they figure out the last part where they get the answer 18500 ?
Could you please explain it.
The provision at the start of the year was $64,000. They paid claims during the year of $25,000.
The leaves a balance remaining of $39,000.The provision required at the end of the year is $57,500.
Therefore the increase required is 57,500 – 39,000.
great quite simple to be honest. I am not sure why i didn’t get that. Thanks John
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