Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the loss of income would be best calculated using

The loss of income would be best calculated using the following formula: Lost profits multiplied...

90.2K

Verified Solution

Question

Accounting

The loss of income would be best calculated using the following formula: Lost profits multiplied by business interruption value Lost gross receipts multiplied by business interruption value. Lost gross receipts less mitigating sales (if any) multiplied by business interruption value Lost profits less mitigating profits multiplied by business interruption value.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

13- Management are unsure of what health and safety records must be kept or how to...

Operations Management
Q

1. Three pairs of genes with two alleles each (A1 and A2, B1 and B2, and...

Biology
Q

A worker for measurement Canada suspects a gas station chain has calibrated its pumps to deliver...

Basic Math
Q

The coordinates of the endpoints of KL are K 16 10 and L 9 11...

Geometry
Q

The surface area of a cone is 55 cm The radius is 5 cm What...

Geometry
Q

You are working on a classification problem and have a dataset composed of hundreds of...

Basic Math
Q

A parade departs from City Hall and finishes at a park, 8 kilometers away. On...

Basic Math
Q

Use the accompanying radiation levels(in W/kg)for 50 different cell phones. Find the percentile corresponding to...

Statistics
Q

Which of the following...

Accounting
Q

Direct Labor Variances La Batre Bicycle Company manufactures commuter bicycles from recycled materials. The following...

Accounting
Q

Financial crisis among youth in Malaysia. Introduction (elaboration of the topic, what happened...

Accounting
Q

On January 1, 2017, McIlroy, Inc., acquired a 60 percent interest in the common stock...

Accounting