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18. A business suffered a business income loss from June through November, shutting down all operations. Prior to the loss, net income was $150,000 monthly.
18. A business suffered a business income loss from June through November, shutting down all operations. Prior to the loss, net income was $150,000 monthly. During their peak season of June through August, their net income rises to $250,000 monthly. They incur $25,000 per month in payroll and $15,000 in operating expenses during the shutdown. Utilizing the loss determination condition of the Business Income (and Extra Expense) Coverage Form, the business income loss to the business for June through November is which one of the following? A. $290,000 per month for June through August and $190,000 per month for September through November B. $150,000 per month for June through November C. $250,000 per month for June through August and $150,000 per month for September through November D. $140,000 per month for June through November
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