Ashley owns a retail shoe store that is insured for $120,000 under the business income (and extra expense) coverage form. Because of a fire, Ashley was forced to close the store for three months. Based on past and projected future earnings, Ashley expected the store to earn a net income of $30,000 during the three-month shutdown period if the loss had not occurred. During the shutdown period, there were no revenues, and Ashley had continuing expenses of $10,000. How much will Ashley recover for the business income loss
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ashley owns a retail shoe store that is insured for $120,000 under the business income (and extra expense) coverage form. Because of a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
It takes twice as long to fly to city A as it takes to fly to city B. It takes longer to fly to City B than it takes to fly to City D.
Answers (2)
In a sales mix situation, at any level of units sold, net income will be higher if more fixed expenses are incurred. more higher contribution margin units are sold than lower contribution margin units.
Answers (1)
There are several compelling arguments against job discrimination of any kind. utilitarians reject discrimination because
Answers (1)
A minor has the legal right to repudiate
Answers (1)
How has Groupon effectively used personal selling, advertising, and public relations to market its products?
Answers (1)
New Questions in Business
The market value of Firm L's debt is $200,000 and its cost of debt is 7%. The firm's equity has a market value of $400,000, its earnings are growing at a 4% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%.
Answers (1)
Owners of the restaurant in A. anticipate that in one year their demand will double as long as they can provide good service to their customers. How much will they have to increase their service capacity to stay out of the critical zone?
Answers (1)
Balance sheet and income statement data indicate the following: Bonds payable, 11% (due in 15 years) $1,023,237 Preferred 8% stock, $100 par (no change during the year) $200,000 Common stock, $50 par (no change during the year) $1,000,000 Income
Answers (1)
The pricing function is an integral part of the companies :
Answers (1)
A company calculates the value of inventory by using the lower-of-market valuation method. which value should the company report for the inventory item for the period?
Answers (1)