Pembahasan Ujian PAI: A40 – No. 36 – Mei 2011

• Investment turnover : 1.7
• Total revenues : 6.000.000
• Policy benefit : 2.000.000
• Operating expenses : 1.500.000
• Capital charge : 1.000.000

Return on investment \(= \frac{{Operating\_Income}}{{Controllable\_Investment}}\)

Operating Income = Total Revenue – Policy Benefit – Operating Expenses
Operating Income = 6.000.000 – 2.000.000  – 1.500.000  = 2.500.000

Berdasarkan soal no. 34 diperoleh controllable investment =3.529.412
Return on investment \(= \frac{{2.500.000}}{{3.529.412}} = 0,708 \approx 71\% \)

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.