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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