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2 years ago

The extra expense incurred by a business to stay in operation following a fire is an example of a(n)

Business

1 answer:

polet [3.4K]2 years ago

3 0

Answer:

indirect loss

Explanation:

Indirect loss is the loss, which occurs due to some unavoidable exceptional circumstances. These situations are not generally expected and usually do not comprise the day to day activity.

In the given case also, a fire occurs which destroy the operations, now in order to re-function the operations of the business the company needs to expense on some activities, as the premises require transformation.

Further with these expenses as re installation, repairs and maintenance the company will start operating again, but since they come from an unexpected situation, it was an expense on indirect loss.

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nirvana33 [79]

Answer:

Month incurred Amount June July August

June 75,000 37500 18,750 18,750

July 95,000 47,500 23,750

August 95,000 47,500

37,500 66,250 90,000

The expected cash receipts are:

June = $37,500

July = $66,250

August = $90,000

Explanation:

The pattern of collection of sales is that 50% are collected in the months of sales while 25% each will be collected in the following month and following 2 months. For instance, 50% of June sales are collected in June, 25% are realized in July and 25% are collected in August. 50% of July sales are realized in July and 25% are collected in August.

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3 years ago

What budget item is NOT easy to lower if your salary is decreased?

zubka84 [21]

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3 years ago

Harborfront Interiors, a retailer, pays $125 for an area rug.The original selling price was $170, but it was marked down 30%.

sveta [45]

Answer:

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Explanation:

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3 years ago

Task _____ refers to the amount of information that must be processed to understand the task, the degree of uncertainty about po

Leviafan [203]

The answer is "complexity"

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3 years ago

When are product costs included on the income statement?

ioda

Answer:

The correct answer is D. When the product is sold and delivered to a customer.

Explanation:

It is recognized at the time of the sale, because the company receives an income as a result of the recovery of its cost plus the established profit margin. When the sale has not been made, it remains within the product inventories until the sale occurs and becomes an operational income.

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2 years ago