A fire destroyed 28 of a company's storage units which included stock. If each unit was worth £1,250, and insurance only covers 80%, what is loss incurred by the company?

#10 Issue:  Sunrise Pools, Inc., is being sued by the Crescent Club for negligence when installing a new pool on Crescent Club’s property. Crescent Club alleges that the employees of Sunrise Pools damaged the foundation of the clubhouse and part of the golf course while operating heavy machinery to install the pool.   The lawsuit is for $1.5 million. At the time of the alleged incident, Sunrise Pools carried only $600,000 of liability insurance.   While reviewing the draft of Sunrise Pools’ annual report, its president deletes all references to this lawsuit. She is concerned that disclosure of this lawsuit in the annual report will be viewed by Crescent Club as admission of Sunrise’s wrongdoing, even though she privately admits that Sunrise employees were careless and believes that Sunrise Pools will be found liable for an amount in excess of $1 million. The president sends the amended draft of the annual report to the vice president of finance with a note stating that the lawsuit will…

a company discarded a computer system originally purchased for $8850.

8   Kong   operate  a  distribution  firm  with a  margin  of   1 / 3.    At  the end  of   May    he       had   sales  of  $900,000  and   purchases  of  $550,000.    His  stock  at  start of the  year  was       $260,000.   At the  end of  May a  firm  at the  firm destroyed  most of his   stock. On hand       was  a  salvaged  amount  of  $84,000.  What   was  the value of the stock that was  destroyed? $29,667 $126,000 $210,000 $294,000