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A fire occurred on 1st February, 2006, in the premises of Pioneer Ltd., a retail store and business was partially disorganised upto 30th June, 2006. The company was insured under a loss of profits for Rs. 1,25,000 with a six months period indemnity. From the following information, compute the amount of claim under the loss of profit policy.
The company incurred additional expenses amounting to Rs. 6,700 which reduced the loss in turnover.There was also a saving during the indemnity period of Rs. 2,450 in the insured standing charges as a result of the fire.There had been a considerable increase in trade since the date of the last annual accounts and it has been agreed that an adjustment of 15% be made in respect of the upward trend in turnover?
1. cpa smith is the executive in charge of the pompano office of the audit firm. he is responsible for the practice in
In your own words, explain what is meant by "inductive reasoning" and "deductive reasoning." State the differences between the two and provide examples to illustrate.
Engles Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $80,000 including depreciation.
determine the average rate of return for project that is estimated to yield total income of 400000 over four years cost
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What are the potential proprietary costs from expanded disclosures in each of these areas? If you conclude that proprietary costs are relatively low for either, what alternative explanations do you have for management's opposition?
The following data pertains to the direct materials cost for the month of October. What is the direct materials efficiency (quantity) variance?
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