page no. 16- In the last stanza there is a discussion about 'fund for future appropriations'. what are they?
I can't add much more - my knowledge is limited. The core reading describes it as "funds that have not been allocated as at the end of the year".
Well as per my understanding it is basically like undistributed reserves that may be distributed among the shareholders & policyholders in the future.
okk. I have an another query chapter 17, page no. 21- What does Receipt/ Cost ratio means? As the NPV is related to both negative and positive cashflows, i.e. the difference of their PVs. So how can the NPV of only revenues or only costs exists?? I think it should be PVs. plz clarify
