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This is in part due to the difficulty of measuring the financial damage in areas that lack insurance. For example, the 2004 Indian Ocean earthquake and tsunami, with a death toll of around 230,000 people, cost a 'mere' $15 billion, [1] whereas in the Deepwater Horizon oil spill, in which 11 people died, the damage was six times higher.
The earthquake occurred at 10:30 am on Boxing Day, 26 December 2010, and had a moment magnitude of 4.7 [4] and a local magnitude M L 4.9. [5]: ii It was located directly under the city at a depth of between 4 and 5 kilometres (2.5 and 3.1 miles), [6] [4] [7] with an epicentre near Barbadoes Street [8] or 1.8 kilometres (1.1 miles) north west of Christ Church Cathedral.
Cost of goods available for sale is the maximum amount of goods, or inventory, that a company can possibly sell during an accounting period.It has the formula: [1] Beginning Inventory (at the start of accounting period) + purchases (within the accounting period) + Production (within the accounting period) = cost of goods available for sale
The tsunami claimed the lives of over 8,000 people in Thailand. Many remain missing and nearly 400 bodies are unclaimed to this day. Mourners shed tears and comforted each other as they laid ...
Oman sent relief goods worth US$3M for the victims of tsunami in Sri Lanka, Maldives and Indonesia. Ali Ibrahim Shanoon Al-Raisi, executive director of Oman Charitable Organization (OCC), the country's Red Crescent, said four consignments carrying 300 tonnes of goods each had already been flown to Sri Lanka and Maldives in three days during ...
The cost of the damage caused by earthquakes, volcanic eruptions and the resulting tsunamis can be high. ... There is typically a 30-day waiting period between when you purchase coverage and when ...
Victims and survivors of the Boxing Day tsunami are being remembered 20 years on from the disaster. A 9.1 magnitude earthquake beneath the Indian Ocean on December 26 2004 triggered the tsunami ...
Average cost method is a method of accounting which assumes that the cost of inventory is based on the average cost of the goods available for sale during the period. [1] The average cost is computed by dividing the total cost of goods available for sale by the total units available for sale.