liability and property insurance companies. There are certain important factors behind this quick rise of automobile insurance industry of South Korea like sudden increase in use of cars in South Korea and mandatory automobile liability insurance policies. In 2005 auto insurance industry in South Korea amounted for 35.2 percent of direct premiums. South Korea auto insurance has not been a profita
liabilities. This is why Xerox announced that it has set aside reserves for these subsidiaries, in an attempt to alleviate the investors’ anxiety about the company’s liquidity.
4. What is the journal entry needed to estimate and recognize the uncollectibility of some accounts receivables?
When account receivable is recognized to be uncollectible, it means that this account should decrea
1. Industry
1-1 Introduction the semiconductor industry
1. Semiconductor industry
Semiconductors are extremely important in virtually all areas of life. They are vital for many consumer products.
This industry has changed society in uncountable ways. Semi- conductors are installed in virtually all technical equipment, ranging from dish- washers, microwave ovens and flat screens to machine to
1. INTRODUCTION TO THE INDUSTRY
Oil refining business began commercial operation of its 1st oil refinery. It has expanded facilities on two occasions, and today, oil refining business is a refining capacity of almost 580,000 barrels/day and keeping pace with such achievements, the common oil refining business operates light oil desulfurizing facilities and gasoline manufacturing facilities. Oil
CRUDE OIL INTO ITS MAJOR DISTILLATION FRACTIONS WHICH ARE THEN FURTHER PROCESSED THROUGH A SERIES OF SEPARATION AND CONVERSION STEPS INTO FINISHED PETROLEUM PRODUCTS.
ISSUES OF THE INDUSTRY
OIL PRICE INCREASED RAPIDLY
-> DID NOT REFLECT THIS PRICE
TO THE PRODUCTS
EXCHANGE RATE ALSO WENT UP
-> BURDEN TO INVESTMENT
& LIABILITY TO OIL
CRISIS TO OIL & CHEMICALS INDUSTRY