An advanced form of decision support system, called expert systems, uses artificial intelligence procedures to incorporate expert judgment

Loss severity is defined as the

A) probable size of the losses which may occur during some period. B) probable number of losses which may occur during some period. C) probability that any particular piece of property may be totally destroyed. D) probability that a liability judgment may exceed a firm's net worth.

Giant Koala Stores Inc has forecasted sales for July through October in the top row of the table. Forecasted collections from cash and credit sales as well as forecasted payments to suppliers are also shown in the table

Wages, general & administrative expenses are 28% of the current month's sales. Giant Koala starts August with a cash balance of $7.61M. What is the cash balance at the end of September? Sales Forecast and Cash Budget Giant Koala Stores Inc ($000,000) July August September October Sales Forecast $27.000 $27.000 $33.000 $32.500 Cash Sales 15.300 22.950 28.050 27.625 Collections from last Month 4.050 4.050 4.950 Total Cash Inflows 27.000 32.100 32.575 Total Payments to Suppliers 17.940 21.418 Wages, General & Admin Expenses 7.560 7.560 9.240 Total Disbursements 25.500 30.658 Net Cash Flows Beginning cash balance $7.610 Plus: Net Cash Flows Ending cash Balance A) $7.61 million B) $8.61 million C) $9.11 million D) $10.55 million E) $11.62 million