Question 1 – Learning outcome 1 (10 marks) You are a marketing manager for IJ DAC, an insurer operating in the Irish market, which underwrites professional indemnity insurance. It distributes its products through insurance brokers. IJ DAC has a wide range of professional indemnity insurance products for specific professions.
Due to stagnating sales, IJ DAC has decided that it needs to sell professional indemnity insurance through an additional distribution method or channel.
a) Identify, with justification, the most appropriate additional distribution method or channel for IJ DAC.
(4 marks)
b) Recommend two actions that IJ DAC should take to maximise the benefit of the additional distribution method or channel, identified in (a) above.
(6 marks

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)