Lagune SA applies the premium allocation approach to a group of twelve-month contracts that brings it 3,600 of premiums. Case convention: the provision of services is spread in proportion to the time elapsed. Calculate the insurance revenue of the first 3 months, then the cumulative revenue at the end of the first 9 months.
- Premiums of the group for twelve months
- 3,600
- First months (short period)
- 3
- First months (long period)
- 9