What Is a Renewable Resource?

A renewable resource is a natural resource which can replenish itself over time. This can include things like solar energy, water, wind, and certain types of biomass. Renewable resources are important because they provide an alternative to traditional fossil fuels, which are non-renewable and unsustainable in the long term. They also offer a more environmentally … Read more

Attained Age Definition.

The attained age definition is a method used by insurance companies to calculate premiums. The attained age definition takes into account the policyholder’s age at the time the policy is purchased, and then uses that age to calculate premiums for the duration of the policy. This method is sometimes also referred to as the “age-nearest” … Read more

What Is Reshoring?

The term “reshoring” refers to the process of bringing manufacturing and other production back to the United States from other countries. This can happen for a variety of reasons, including changes in government policy, the availability of skilled labor, or the cost of production. In recent years, there has been a trend of companies “reshoring” … Read more

What is the combined ratio?

Combined Ratio: Definition and Formula. What is a good combined ratio for insurance? There is no definitive answer to this question as every insurance company is different and will have different standards for what constitutes a “good” combined ratio. However, a combined ratio of below 100 is generally considered to be good, as it indicates … Read more

What are the accounting books?

The concept of accounting books refers to the documents or files where the financial information of the company is collected, including the operations carried out during a specified period of time and which must be legalized periodically. These are the reports obtained from the accounting that contribute to the extraction of both economic and financial … Read more