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