Fink Insurance Collected Premiums of $18,000,000 from Its Customers During

question 53

Multiple Choice

Fink Insurance collected premiums of $18,000,000 from its customers during the current year. The adjusted balance in the Unearned premiums account increased from $6 million to $8 million dollars during the year. What was Fink's revenues from earned insurance premiums for the current year?

• A)$10,000,000.
• B)$16,000,000.
• C)$18,000,000.
• D)$20,000,000.

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Definitions:

Adults

Individuals who have reached the age where they are considered mature, often legally recognized as being responsible for their actions.

Genetics

The study of heredity and the variation of inherited characteristics among living organisms.

Environmental Factors

Elements of the surrounding environment that can influence or affect the growth, development, behavior, or survival of organisms.

Body Mass Index (BMI)

Body Mass Index (BMI) is a numerical computation comparing an individual's weight and height, serving as an indicator for categorizing underweight, normal weight, overweight, and obesity.