FREE ACCA BOOKS KAPLAN P6 EXAM KIT 2021-2022 - FREE ACCOUNTING BOOKS

Back in the days before computers, auto insurance was FREE ACCA BOOKS KAPLAN P6 EXAM KIT 2021-2022 - FREE ACCOUNTING BOOKS personal and subjective. The insurance agent actually talked to the man he knew in the main office, called in a few favors, and got their best customers the best rates. Male drivers under 25 were charged a lot. Young females, being perceived as less risk, were charged much less.

Now, in the computer age, auto insurance companies have large databases of accident and claims records. By number-crunching these records they can tell what type of person is more likely to be a good driver and what type of person is more likely to be an accident risk. This ‘Black Box’ technology gives them insights into the background and behavior of the people who they think should pay more for their auto insurance. FREE ACCA BOOKS KAPLAN P6 EXAM KIT 2021-2022 - FREE ACCOUNTING BOOKS For example, people who carry minimum limits of liability are actually a greater risk than those who carry at least 50/100 ($50,000 per person, $100,000 per accident). And statistics have shown that those with bad credit scores are more likely to be involved in accidents.

In Texas, the minimum liability limit on auto insurance is 20/40. Yep. $20,000 per person, $40,000 per accident. Not much is it? And if that weren't bad enough, the minimum property damage is $15,000. Guess who makes up the difference if you're in an accident that's your fault?

In most states, auto insurance is regulated by the state. But that is only the beginning. The state uses tables of 'loss ratios', exposure, and other conjuring words, to justify what the auto insurance companies want you to pay. Every once in a while, just to throw you off, they will even announce a state-wide REDUCTION in auto rates. When they do, hold onto your wallet!

After the state sets the base rate, the individual companies negotiate with them to adjust their particular rates, claiming either a better or worse loss ratio than average. So, after the elections are over, the legislature allows exceptions, amendments, and endorsements to jack them back up to something the auto insurance companies can make a ton of money from.

And there’s more. Most states allow individual companies to set their own rules to determine who gets charged what. So, one auto insurance company rates a particular driver one way, while another company rates the same driver differently. FREE ACCA BOOKS KAPLAN P6 EXAM KIT 2021-2022 - FREE ACCOUNTING BOOKS Each company sets those underwriting rules.

So how are auto insurance rates determined? First, the state usually gets involved. Then companies toss the dice between staying competitive and making as much profit as they can for their stockholders. And finally, now that the 'Black Box' is here, auto insurance companies are taking a closer look at every driver. Career, credit score, past record, even the city you live in helps 'drive' the rates. They have even found that those who select low limits of liability are greater risks than those who select higher limits. So, by raising your liability limits, you may actually lower your auto insurance rate.

For some, the new 'Black Box' technology reduces rates by as much as 20% over those companies not using it. The bad news is, since credit scoring does play a part in ALL auto insurance rating, the worse your credit score, the higher your auto insurance will go. No more 'discounts', no more 'loyal customer' credits, and the like. You will be rated right down to your underwear, placed in a group of drivers almost FREE ACCA BOOKS KAPLAN P6 EXAM KIT 2021-2022 - FREE ACCOUNTING BOOKS identical to you, and charged accordingly.

 

 

EXAM TECHNIQUE

• Skim through  the   whole    paper,   assessing  the   level  of  difficulty  free ACCA BOOKS pdf  of  each  question    and identifying   which  two  of the section  B questions  you wish to  attempt.
• Divide the time you spend on questions in proportion   to the marks on offer: There  are 1.95 minutes  available  per mark  in the  examination.

Within   that,  try  to  allow  time  at the  end of each question  to  review  your  answer  and address  any obvious  issues.

Whatever  happens,  always  keep your free ACCA BOOKS download pdf eye on the  clock  and  do  not  over  run  on  any  part  of any question!

• Decide  the  order  in which  you think  you will  attempt   each question:

A common   approach   is to  tackle  the  question   you  think   is the exam preparation & tutoring easiest  and  you  are most  comfortable   with  first.

Others  may  prefer  to  tackle  the  longest   questions   first  as this  has the  most  marks attributable    and  you  cannot   afford   to  leave  this  question   to  last  and  find  that  you have  run  out  of time  to  complete   it fully.  Students  who  do not  attempt   Q1 first  tend to  do badly  in the  exam.

It is usual,  however,   that  students  free ACCA BOOKS study materails tackle  their   least favourite   topic  and/or   the  most difficult   question   last.

Whatever     your   approach,    you   must   make   sure  that   you   leave   enough   time   to attempt   all questions  fully  and be very strict  with  yourself   in timing  each question.

 At the beginning  of the exam, take time to:

read  the  questions   and  examination    requirements  free accounting books  carefully   so that  you  understand them,  and

plan your  answers.

• Spend the last five minutes  of the examination: ACCA BOOKS study materails reading  through   your  answers,  and making  any additions   or corrections.
• If you get completely  stuck  with  a question: leave space in your  answer  book,  and return  to  it later.
• Stick to the question  and tailor  your  answer  to what  you are asked. pay particular   attention   to the  verbs  in the  question.
• If you  do not  understand  free download for pdf what  a question  is asking, state  your  assumptions.

Even if you do not answer  in precisely the way the  examiner  hoped, you should  be given some credit,  if your assumptions  are reasonable.

• You should  do everything   you can to make things  easy for  the  marker.

The marker will find it easier to identify  the points you have made if your answers are legible.

 

 

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