Question: CBA Company's e-tail website was shut down by a cyber-attack for one day. The sales loss is $875,000. An outside tech security company will restore
CBA Company's e-tail website was shut down by a cyber-attack for one day. The sales loss is $875,000. An outside tech security company will restore the site and charge $90 per hour. Restoration is estimated to take 100 hours. The summary quarterly report for CBA follows:
| Sales | $12,000,000 |
| Cost of Sales | 8,000,000 |
| Gross Margin | $4,000,000 |
| Operating Exp. | 1,000,000 |
| Net Income | $3,000,000 |
Determine the loss from the cyber-attack.
a. $227,750.
b. $291,667.
c. $300,667.
d. $884,000.
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