Use and occupancy insurance

Bibliographic data

Monograph

Identifikator:: 1833269721

URN:: urn:nbn:de:zbw-retromon-221767

Document type:: Monograph

Title:: Use and occupancy insurance

Place of publication:: New York

Publisher:: The America Fore Group of Insurance Companies

Year of publication:: 1930

Scope:: 20 S

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

USE AND OCCUPANCY INSURANCE Step “A” Income Second, that part which is to be used as a basis for esti- mating the amount of Use and Occupancy insurance necessary to properly protect the earnings of the next fiscal year’s operations (Step C). In detail, the steps are as follows: Ar—The amount inserted here is the net income from Sales (or Service) after discounts, returns and allowances have been made. A2—In many businesses, there are certain items of income which are not derived from Sales, but neverthe- less are from sources directly dependent on continued business operations for their existence. Usually, these are covered under a Use and Occupancy insurance policy and should be added to income from Net Sales lor Service) at this point. Do not include credit items such as interest earned on bank balances, or interest received on securities owned by the business or any similar item of income not directly connected with or produced through business operations, for its con- tinuance. A3—The amount inserted here represents the total of Steps A1 and Az, or in essence, the “Income from Operations.” Step “B”’— Deductions That part of income which is disbursed for the purchase of raw stock, materials and supplies enter- ing into the finished product of a manufacturing plant or for the purchase of stock and supplies to be sold by a mercantile establishment (or for the supplies of a “Service” organization) is not properly included in the amount to be used as a basis for Use and Occupancy insurance, and it must, therefore, be deducted. Then, too, there are certain other miscellaneous costs which should be deducted. Step B demonstrates, in a general way the procedure to be followed in determining the amount to be deducted from Operating Income of a oast fiscal year to arrive at an actual basis for estimat- ng future Use and Occupancy insurance requirements. Br—The amount entered here represents the in- ventory of all stock, materials and supplies on hand at ‘he beginning of the fiscal year. B2—The amount entered here represents the net :ost of purchases (including incoming freight) of stock or raw stock) and materials and supplies, after dis- counts, returns, and allowances have been taken. This

Access restriction

Copyright

fullscreen: Use and occupancy insurance

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation