What are the categories of business income losses? Briefly explain each
What will be an ideal response?
There are generally three categories of business income losses. Loss of income, continuing expenses, and any extra expenses. Dependent property exposures also exist. If the business is reimbursed the loss of retained earnings and all continuing expenses are paid, the business would be in the same position financially as if the loss had not occurred. Extra expenses occur when the business needs to stay in operation.
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Use the following data: Asset cost $80,000 Expected life 3 years Estimated salvage value $10,000 Using the sum-of-the-year's-digits method, the amount of depreciation for the first year would be
a. $26,666. b. $35,000. c. $20,000. d. $40,000.
Although businesses engage in a wide variety of activities, all of these activities can be categorized into three types. Which of the following choices best reflects these three types of business activities?
a. Operating, financing, reporting b. Investing, reporting, financing c. Operating, financing, investing d. Investing, reporting, operating
Maintenance access to systems increases the risk that logic will be corrupted either by the accident or intent to defraud
Indicate whether the statement is true or false
The only time many people entertain is during November and December when their homes are decorated for the season's holidays
The increase in advertisements for prepared trays of food to be served at these functions is most directly related to ________ segmentation. A) psychographic B) values C) geographic D) demographic E) behavioral