Question

if the indemnity period is 6 months, standard turnover is 30000, annual turnover is 75000, turnover during indemnity period is 12000,then what is short sale amount​

Answer 1

Answer:

Total Loss: Stock Amount of claim = Actual loss (If goods are fully insured but the ... Standard Turnover The turnover during that period in the twelve months immediately before the date of damage which corresponds with the Indemnity Period. ... 1.10.2011 to 31.12.2011 75,000 Wages from 1.10.2011 to 31.12.2011

Answer 2

The amount of short sale  is 18000.

Explanation:

Given:

Standard turnover is 30000.

Annual turnover is 75000.

During  indemnity period turnover  is 12000..

To Find:

The amount of short sale.

Formula Used:

Short sales = Standard turnover-Turnover during indemnity period.

                                                                            --------- Formula no 01.

Solution:

As given-Standard turnover is 30000.

As given - during  indemnity period turnover  is 12000..

Applying formula no.01.

Short sales = Standard turnover-Turnover during indemnity period.

                    $=30000-12000\\=18000$

Thus,the amount of short sale  is 18000.

PROJECT CODE#SPJ3