Accounts – Zoo Book Sales http://zoobooksales.com/ Fri, 01 Oct 2021 02:54:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://zoobooksales.com/wp-content/uploads/2021/05/zoo-book-sales-150x150.png Accounts – Zoo Book Sales http://zoobooksales.com/ 32 32 Pennsylvania surpasses 1,000 organic farms: USDA report https://zoobooksales.com/pennsylvania-surpasses-1000-organic-farms-usda-report/ https://zoobooksales.com/pennsylvania-surpasses-1000-organic-farms-usda-report/#respond Thu, 08 Apr 2021 02:38:29 +0000 https://zoobooksales.com/pennsylvania-surpasses-1000-organic-farms-usda-report/

More than a thousand organic farms are now operating in Pennsylvania, according to the 2019 USDA National Agricultural Statistics Service Organic Survey.

The 1,048 organic farms counted last year was a 31% increase from 2016, placing Pennsylvania in fourth place behind California, Wisconsin and New York.

These farms produced $ 742 million in organic produce – up 12% from 2016 – on 107,550 certified organic acres, a 15% increase from 2016. Pennsylvania ranked third behind California and Washington for the value of organic sales.

Of the more than a thousand farms, 559 said all of their sales were organic, 237 said they were 75 to 99 percent organic, and 149 said they were 50 to 74 percent.

In Pennsylvania, livestock and poultry were the top organic category at $ 449 million (up 16%), followed by crops at $ 124 million (up 48%) and mushrooms at $ 77.3 million. dollars (up 99%).

Of Pennsylvania’s organic farms, 87 reported growing squash; 59, cabbage; 58, potatoes; 57, tomatoes; onions, 54; lettuce, 51; peppers, 49; garlic, 44; carrots, 42; broccoli, 40; musketeer bears, 29; sweet potatoes, 29 years old; spinach, 29; herbs, 28; peas, 28; sweet corn, 23; watermelons, 22; cantaloupe and musk melons, 19; cauliflower, 17; strawberries, 16; blackberries, 10; blueberries, 10; raspberries, 6; celery, 6; apples, 5; and honeydew, 2.

A total of 362 dairy cows raised; 114, laying hens; 102, meat chickens; 54, turkeys; 26, beef cows; 13, pigs and pigs; and 3, sheep.

Only 11 of the organic farms reported producing maple syrup. They operated 167,419 faucets to produce 50,929 gallons of syrup, which they sold for $ 1,227,119.

Of the farms, 60 cited regulatory issues as a major obstacle to their operations, 30 as pricing issues and 31 as production issues.

Contact Marcus Schneck at [email protected].

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‘Danger!’ legends Brad Rutter, Ken Jennings and James Holzhauer compete for ‘Greatest of all time’, $ 1 million prize https://zoobooksales.com/danger-legends-brad-rutter-ken-jennings-and-james-holzhauer-compete-for-greatest-of-all-time-1-million-prize/ https://zoobooksales.com/danger-legends-brad-rutter-ken-jennings-and-james-holzhauer-compete-for-greatest-of-all-time-1-million-prize/#respond Thu, 08 Apr 2021 02:38:18 +0000 https://zoobooksales.com/danger-legends-brad-rutter-ken-jennings-and-james-holzhauer-compete-for-greatest-of-all-time-1-million-prize/

LOS ANGELES (AP) – The Super Bowl is in a few weeks, but for “Jeopardy!” addicts, the big game is here: Brad Rutter, Ken Jennings and James Holzhauer, the best winners of all time, compete for the right to brag.

“The first person to win three games will be crowned the greatest of all time,” said executive producer Harry Friedman. The winner receives $ 1 million, with $ 250,000 for each finalist in the contest airing on consecutive nights starting at 8 p.m. ET Tuesday.

Host Alex Trebek gives the rookie credit for creating “Jeopardy! The greatest of all time ‘happen.

The tournament “was a natural one because of the appearance of James holzhauer“Trebek said.” Before that, there wasn’t a competitor who measured up, in the eyes of our viewers, to Ken Jennings or Brad Rutter. And this is James, and making more money faster than anyone else. had never done one on the show, and really caught America’s attention.

Friedman said there had been discussions with ABC about a rare prime-time foray into “Jeopardy!” But the format proved elusive until professional sports player Holzhauer made his way to glory in 2019 with his intelligence, skill and high-level Daily Double betting.

“There has been a lot of discussion online about, ‘Is he the greatest player of all time?’ “No, Ken Jennings, because he had that streak,” or someone would say, “I think it’s Brad Rutter, look how many times he’s won.” So it really fell into place, ”the producer said.

Trebek, who is being treated for pancreatic cancer as he continues to regularly host “Jeopardy!” matches, he was not asked directly if he was also ready to manage the championship series.

“We discussed the idea for this competition with him because we wanted to make sure he supported it as a concept, first and foremost. And he said, ‘Oh yeah, let’s go.’ With enthusiasm, ”Friedman said.

(“It’s part of my job,” Trebek said. He “struggled a bit” during the recording, he said, adding, “Well, that comes with the territory.”)

The large-scale competition took place in December. To keep the outcome a mystery, an ABC version runs it until January 16 “if necessary”.

For Jennings, knowing who he was going to face was both stressful – “usually everyone’s guessing who’s making the final” – and helpful.

“I could watch a tape of them, and they’re both extremely scary players, one of which (Rutter) I’ve played. He usually finds a way to win. So I knew these people were going to be the fastest, smartest people I had ever seen with a “Jeopardy!” “Buzzer,” Jennings said.

Holzhauer also did his homework.

“I studied more esoteric facts in the hopes that the writers would increase the difficulty of the question, but the great thing I did to prepare was additional repetitions of the buzzer practice, knowing that Brad and Ken are the two best in the history of the series on the signaling device, ”he said in an email.

It’s “crazy to be compared to the two best players who came before me, but I know I can hang out with them,” said Holzhauer. down.'”

Rutter considers the players to be equal in their skills.

“It’s really about timing and knowing the buzzer, and we’re all pretty good at it,” he said. I am a little too focused. … James is also ready with jokes, but he also has a good analytical sense. “

“But we all put a bunch of strategy into it,” Rutter said. Any chance he shares his? “Tap into knowledge.”

Rutter enters the contest as the first winner of any game show with $ 4.69 million in “Jeopardy!” to play. Jennings holds the record for winning streaks of 74 games and has grossed $ 3.37 million. Holzhauer set and broke over a dozen records for the biggest wins in one day, won the 2019 Tournament of Champions and took home $ 2.7 million in prize money.

Rutter is the veteran player, performing his first “Jeopardy!” Appearance nearly 20 years ago, in October 2000, when the champions were “retired” from the regular season after five wins. Jennings’ first game took place in June 2004, a year after the rules were changed to allow players to accumulate unlimited winnings.

Subsequent tournaments saw Rutter triumph on a regular basis. But Jennings can claim a qualifying victory on show: In a 2011 showdown with IBM’s Watson, the computer won, but Jennings passed Rutter to take second.

Applicants share obvious abilities – as well as gender. Could a future “Biggest” competition be more inclusive?

“Absolutely,” Friedman replied. The applicant pool is more diverse and includes more women since online testing was added to make the initial application process widely available, he said.

Associated content:

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ETMarkets Morning Podcast: Why are investors rushing to mail-in savings? https://zoobooksales.com/etmarkets-morning-podcast-why-are-investors-rushing-to-mail-in-savings/ https://zoobooksales.com/etmarkets-morning-podcast-why-are-investors-rushing-to-mail-in-savings/#respond Thu, 08 Apr 2021 02:38:06 +0000 https://zoobooksales.com/etmarkets-morning-podcast-why-are-investors-rushing-to-mail-in-savings/ > Potential candidates for MSCI inclusion are the focus of attention>> Investors flock to postal savings to secure higher interest rates>> Diagnostic stocks on the rise on Dalal Street>> Overseas Indians try a trick to circumvent the new tax Hi. Welcome to ETMarkets Morning, the money, business and markets show. I am Sandeep Singh. …]]> Hello.

>> Potential candidates for MSCI inclusion are the focus of attention
>> Investors flock to postal savings to secure higher interest rates
>> Diagnostic stocks on the rise on Dalal Street
>> Overseas Indians try a trick to circumvent the new tax

Hi. Welcome to ETMarkets Morning, the money, business and markets show. I am Sandeep Singh.

Let’s start with a quick look at the state of the markets.

Dalal Street signaled a sense of weakness on Monday morning and Nifty futures traded around 15 points lower on the Singapore Stock Exchange at 7 a.m. (IST). Other Asian markets opened mixed after Wall Street indices rallied overnight to record a high on strong economic data that added to evidence of a strengthening recovery. In foreign currencies, the dollar resisted Monday’s losses. The rupee fell 18 paise on Monday to close at 73.30 against the US dollar. US Treasury yields stabilized at 1.70%. Oil retained most of its 4.6% decline due to growing delays in reopening Europe and impending Iranian supplies. Gold traded little on international markets.

That said, here’s what’s in the news.

Potential candidates for inclusion in the MSCI index are focused on Dalal Street. IIFL Alternative Research released a report, claiming that Adani Enterprises, Adani Total Gas, Adani Transmission, SBI Cards and Cholamandalam Investment are “high probability” candidates for inclusion in the MSCI Standard Index at the next semi-annual review in may. He said Jindal Steel, Voltas, SRF, Godrej Properties and Bharat Electronics are “medium likelihood” candidates for inclusion. Shares of the Adani Group could see inflows ranging from $ 207 million to $ 229 million each on such inclusion.

Diagnostic stocks are at their highest. Those shares jumped in the middle of Monday’s sale on expectations that the increase in Covid-19 cases will boost testing. Fund managers said investors were mixing their portfolios in favor of companies that could benefit from essential services rather than discretionary spending. Thyrocare Technologies jumped 7.35% on Monday while Metropolis Healthcare gained 2.6% and Dr Lal PathLabs 6.1%.

Many wealthy Indians with overseas businesses and jobs are trying to get around the country’s new tax rule that targets the global income of its citizens. These individuals set aside a slice of their income in jurisdictions like Singapore and Hong Kong to pay a small tax there in the hope that they would escape the glare of the income tax department in India. But whether their aggressive strategy pays off, it will depend on how harshly the tax authorities interpret the law.

Credit rating agency ICRA said bad debts from Indian banks could increase significantly this fiscal year when the government and the RBI roll back regulatory and tax support measures. Banks could see gross bad debts rise to 9.7% of advances in FY21 and 10.2% by the end of FY22, the rating firm said in a report. “While the asset quality and restructuring figures are encouraging, they do not reflect the underlying pressure on banks’ asset quality,” said Anil Gupta, head of the financial sector ratings sector at the ‘ICRA.

And finally, worried Indian investors are now rushing into postal savings. Eyeing simple products and visible returns, they rush to post offices to take advantage of the higher returns offered by postal savings plans. The government kept the interest rates on these small savings products unchanged for the April-June quarter, making these devices attractive compared to bank deposits. Financial planners believe that it is only a matter of time before the interest rates of these programs are reduced in line with the general low interest rate environment.

NOW Before you go, here’s a look at the actions buzzing this morning …

Adani Ports and Special Economic Zone (APSEZ), which last year acquired a 75% stake in the port of Krishnapatnam, bought an additional 25% for Rs 2,800 crore, making it a wholly owned port.

JSPL, led by Naveen Jindal, will divest 100% of its electricity subsidiary Jindal Power (JPL) in order to reduce the company’s overall debt by 28,000 crore rupees and reduce carbon emissions within the group.

Mortgage lender HDFC announced on Monday that it would acquire a 9.90% stake in Kerala-based infrastructure fund management company KIFML.

The country’s largest automaker, Maruti Suzuki India, said on Monday that its total production in March 2021 had increased significantly to 1,723,433 units compared to the same month last year.

Alcoholic beverage maker Tilaknagar Industries said it has signed an agreement with French distiller Pernod Ricard to manufacture its products at its manufacturing facility in Maharashtra.

Steelmaker JSPL announced a 20% increase in sales to 7.28 million tonnes for the fiscal year ended March 31, 2021 with production up 19% to 7.51 mt, the company said.

Also check out over two dozen stock recommendations for today’s trade from top analysts on ETMarkets.com.

That’s all for the moment. Stay with us for all the market news throughout the day. Good investment!

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Trump Organization CFO banking records subpoenaed https://zoobooksales.com/trump-organization-cfo-banking-records-subpoenaed/ https://zoobooksales.com/trump-organization-cfo-banking-records-subpoenaed/#respond Thu, 08 Apr 2021 02:37:48 +0000 https://zoobooksales.com/trump-organization-cfo-banking-records-subpoenaed/

Dive brief:

  • As part of the investigation into former President Donald Trump and the finances of the Trump Organization, New York State prosecutors have subpoenaed the banking records of Trump Organization CFO Allen Weisselberg, The New York Times reported wednesday.

  • The Manhattan District Attorney’s Office, headed by Cyrus Vance, Jr., is investigating gifts Trump gave Weisselberg and his family, sources told The Times.

  • The investigation could be part of investigators’ efforts to secure Weisselberg’s cooperation. Weisselberg, 73, worked for the Trump family for decades. The review of the gifts “appears to be part of an effort to paint a picture of Weisselberg’s financial life, as is common when prosecutors seek the cooperation of a potential witness,” the Times said. “It is not clear whether prosecutors suspect wrongdoing related to the gifts.”

Dive overview:

As a longtime CFO, Weisselberg stood by Trump’s side and maintained a keen knowledge of his financial dealings.

“He knows where the bodies are buried”, and is therefore “a crucial witness”, former federal prosecutor Jeffrey Cramer told the insider.

The investigation began with Vance examining the role of the Trump Organization in making discreet cash payments to two women who claimed to have had extramarital affairs with Trump.

Former personal attorney Michael Cohen arranged the payments and then pleaded guilty to campaign finance charges. Cohen testified before Congress that Weisselberg devised a strategy to hide the Trump Organization reimbursing Cohen for making a payment of $ 130,000 to one of the women, adult actress Stormy Daniels.

The prosecution did not charge Weisselberg with wrongdoing during Cohen’s indictment. Upon release from prison, Cohen is cooperating with Vance and the Manhattan DA, sources told The Times last month.

The investigation has since widened and investigators are now investigating whether the Trump Organization falsely reported property values ​​to secure loans and tax breaks, the Times said.

Vance’s office subpoenaed the files of several banks that have partnered with Trump and the Trump Organization, including Capital One and JPMorgan Chase, sources said. The banks have reportedly turned over their files to prosecutors; they received Trump’s personal tax information in February.

Prosecutors have also reportedly searched the ledgers for several of the more than two dozen Trump Organization properties that the company failed to return last year. Ledgers provide a breakdown of each property’s financial condition, including daily receipts, checks and income, according to the Times report.

“Prosecutors could compare these details with information the company has provided to its lenders and local tax authorities to assess whether it has fraudulently misled them,” the report said.

In recent weeks, the prosecution has questioned Weisselberg’s former daughter-in-law Jennifer Weisselberg, who was married to Weisselberg’s son Barry, director of Trump Wollman Rink in Central Park.

In an interview, Ms Weisselberg said prosecutors asked her about several gifts Trump and his company had given the family over the years, the Times said, including an apartment on Central Park South, cars for several family members and tuition at a private school.

Ms Weisselberg handed prosecutors seven boxes of documents given to her as part of her divorce settlement, she told the insider.

“They picked up documents several times. They ended up taking seven boxes of my documents and scanning them, going through them,” she said, adding that prosecutors also took depositions, checks, numbers. routing and bank account information.

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Mark Cuban’s genius trade: protecting $ 1.4 billion https://zoobooksales.com/mark-cubans-genius-trade-protecting-1-4-billion/ https://zoobooksales.com/mark-cubans-genius-trade-protecting-1-4-billion/#respond Thu, 08 Apr 2021 02:37:21 +0000 https://zoobooksales.com/mark-cubans-genius-trade-protecting-1-4-billion/

One of the most famous derivative transactions during the dot-com era was performed by the one and only, Mark Cuban.

In 1998, Mark Cuban and his partner Todd Wagner sold Broadcast.com, a giant multimedia company specializing in audio and video streaming, to Yahoo! for $ 5.7 billion. At the time, Mark Cuban had received 14.6 million shares of Yahoo at $ 95, so his concentrated position had a market value of $ 1.4 billion. In order to protect the value of the 14.6 million shares, he decided to set up a no-cost options collar, which allowed him to protect his billions without paying an insurance premium. Probably because there was a blocking period for him to sell Yahoo stock, or he used those Yahoo stocks as collateral for a bank loan, or he didn’t want to miss the opportunity if Yahoo continued to rally, he chose to enter a collar to lock in his stock value without selling the stock. Here is the detail of the option transaction:

1) For every 100 Yahoo shares, 1 sales contract (strike 85) was purchased and 1 purchase contract (strike 205) was sold. In total, 146,000 purchase contracts and 146,000 sales contracts were negotiated.

2) The put premium exactly offset the call premium, so there was no cost for this trade (Mark probably had to pay a commission, but it is likely that the cost of the commission was been incorporated into the premium as part of the total agreement between Mark and brokers or counterparts).

3) All options expired in 3 years.

Such an option structure is called a collar and consists of two stages: buying a put option down and selling a call option up. A free collar has the put premium exactly offsetting the call so that there is no cost to enter the collar trade.

After the entry of the Cuban necklace trade, Yahoo’s stock price hit the stratosphere of $ 237 in January 2000, making its trade look like a mistake. Then the Internet bubble burst and Yahoo reached the abysmal price of $ 13 (end of 2002), making its job a stroke of genius, an excellent job of risk management at no cost. Cuban was able to determine the stock’s value (or nearly 90% of it), regardless of subsequent stock movement, and preserve most of the original value he received for Broadcast.com. **

Concentrated equity positions: considerations and strategies

Whether you have inherited a large stake, exercised options to buy shares in your company, sold a private company, held restricted stock, or benefited from repeated stock splits over the years, have a large position in one. action comes with unique challenges. Even if the stock has performed well, you may want more diversification or have new financial goals that require a change in strategy.

When a single stock dominates your portfolio, selling the stock can be complicated by more than the associated tax consequences. There may also be legal constraints on your ability to sell, contractual obligations such as lock-in agreements, or practical considerations such as the possibility that a large sale could overwhelm the market for a thinly traded stock. The choices that are right for you are complex and depend on your circumstances and tax considerations, but here’s a quick rundown of some of your options.

Sell ​​your shares

Selling obviously frees up funds that can be used to diversify a portfolio. However, if you have a low cost base, you might be concerned about capital gains taxes. Or if the position is that large, you might want to avoid any perception of market manipulation or insider trading. You might consider selling stocks over time, which can help manage the tax burden over the course of a year, while still allowing you to participate in any future growth. Consider the tax consequences of any sale with your financial planner. The American Tax Relief Act of 2012 set the maximum tax rate on long-term capital gains at 20% for those in the 39.6% federal tax bracket; a 15% rate will generally apply for individuals in the 25%, 28%, 33% or 35% tax brackets, and a 0% rate will generally apply for those in the 10% and 15%. In addition, if your adjusted gross income exceeds $ 200,000 ($ 250,000 for married couples filing jointly), your net investment income will be subject to an additional tax of 3.8% on the contribution to Medicare. Unlike in previous years, these rates are not scheduled to expire on a certain date. This increased certainty should simplify your financial planning.

If you own restricted stocks, you can set up a 10b5-1 plan, which sets a predetermined schedule for selling stocks over time. These written plans state in advance the dates, prices and amounts of each sale and comply with SEC Rule 144, which governs the sale of restricted shares and was designed to prevent insider trading. A 10b5-1 plan demonstrates that your selling decisions were made before you had any insider knowledge that could influence specific trades. You might also be able to avoid some of the restrictions on how much and when you can sell by selling shares privately rather than in the public market. However, keep in mind that you will likely have to sell below market value and still have to pay capital gains taxes.

Cover your position

You may want to try to protect yourself against the risk of a substantial price drop in the short term by using Options. *

Buying a protection put essentially puts a floor below the value of your shares by giving you the right to sell your shares at a predetermined price. Buying put options that can be exercised at a price below the current market value of your stock can help limit potential losses on the underlying stock while allowing you to continue to participate in any potential appreciation. . You would also lose money on the option itself if the stock price remains above the strike price of the put option.

Writing covered calls with a strike price above the market price can generate additional income from your holdings which could help offset potential losses if the stock price falls. On the other hand, the appeal limits the extent to which you can benefit from price appreciation. And if the stock price hits the strike price of the call, you’ll need to be prepared to answer that call.

A collar consists of buying protective puts and selling call options, the premiums of which offset the cost of buying the puts. However, as with a covered call, the upward appreciation in your holdings is then limited to the strike price of the call. If this price is reached before the expiration date of the necklace, you would not only lose the premium you paid for the put, but you would also face capital gains on any stocks you sold. Be careful not to close one side of the collar while the other side of the trade remains pending. For example, if you exercised the put option but the stocks you sell are then called before the call option expiration date, you could end up with an unhedged call option. You could potentially suffer a loss if you had to buy back the shares at a higher price to answer the call.

Make sure your collar is not too tight: Transaction costs in multi-legged options strategies, such as a tunnel, can be significant and should be taken into account as these strategies involve multiple commissions, fees, and charges. Also, the prices set for a necklace must not violate the rules against a so-called implicit sale. A strategy that eliminates all risk is actually a sale and therefore subject to capital gains tax. The strike prices of a necklace should not be too close to your share price.

Time matters: When dealing with a large shareholding, think about your schedule. Some strategies, such as hedging, may be most appropriate for the short term or if you can’t sell. Others, like donating to a trust, may be more profitable over a longer period of time, although your charitable intentions obviously play a role as well.

Borrow to diversify

If you want to keep your stocks but need the money to build a more diversified portfolio, you can use your stocks as collateral to buy other stocks on margin. However, trading in securities in a margin account involves risks that you should discuss with a financial professional before considering this strategy.

Donate shares to a trust

If you want income rather than the growth of your stocks, you can transfer stocks to a trust. If you have highly valued stocks, consider donating them to a charitable residual trust (CRT). You get a tax deduction when you pay the contribution. Typically, the trust can sell the shares without paying capital gains tax and reinvest the proceeds to provide income to you as a donor. When the trust is terminated, the charity retains the remaining assets. You can set a payout rate that meets both your financial and philanthropic goals (the donation is irrevocable). Another option is a Charitable Master Trust (CLT), which in many ways is a mirror image of a CRT. With a typical CLT, the charity receives the income stream for a specified period; the rest goes to your beneficiaries. You do not receive any tax deduction for the transfer of assets unless you name yourself the owner of the trust, in which case you will pay annual income taxes. Other philanthropic options include a direct donation to a charity or private foundation and a tax deduction.

Managing a concentrated equity position is a complex task that can involve investment, tax and legal issues. Consult with professionals who can help you navigate the maze.

If you would like to read my future articles, please click ‘Follow’ at the top of this article.

** You can read more details about the trade at http://investmentxyz.blogspot.com/2006/05/cubans-collar-anatomy-of-famous-trade.html

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Greater flexibility for existing or new PPP loans https://zoobooksales.com/greater-flexibility-for-existing-or-new-ppp-loans/ https://zoobooksales.com/greater-flexibility-for-existing-or-new-ppp-loans/#respond Thu, 08 Apr 2021 02:36:59 +0000 https://zoobooksales.com/greater-flexibility-for-existing-or-new-ppp-loans/

The Law on Economic Aid for Small Businesses, Nonprofits and Hard-Affected Sites (Economic Aid Law) changes the rules for existing PPP loans, second-draw PPP loans and new PPP loans .

In short, the Law on Economic Aid extends eligible expenses for recipients of initial PPP loans who have not yet applied for a pardon. These provisions will also be available to new loan applicants using the replenished PPP program contained in the Consolidated Credit Law of 2021, a law that improves and expands certain provisions of the Law on Aid, Relief and Economic Security against coronaviruses (CARES).

Here are some of the highlights of the Economic Aid Act. Eligible expenses now include:

  • Operating expenses: payments for any cloud computing business software or service, product or service; the processing, payment or monitoring of salary expenses; human resources, sales and billing functions; accounting or tracking of supplies, inventory, records and expenses.
  • Property damage costs: the costs related to property damage and vandalism or looting resulting from public disturbances that occurred during the year 2020 that were not covered by insurance or other compensation.
  • Worker protection expenses: all operating or capital expenses to adapt business activities to comply with established requirements or guidelines issued from March 1, 2020 by the Department of Health and Social Services, the Centers for Disease Control or the Occupational Safety and Health Administration. Examples include the purchase, maintenance or renovation of assets that create or expand an interior or exterior space such as a window drive, combined ventilation or air pressure filtration systems, a physical barrier to ensure social distancing and personal protective equipment.
  • Supplier costs: Expenses incurred with a supplier for goods essential to operations at the time they are purchased and are performed in accordance with a contract or purchase order that was in effect at all times prior to the period covered by the loan, or in respect of perishable, effective before or at any time during the period covered by the loan.