You can give numerical ratings to possible career choices to help determine if they are right for you by creating a(n) personal career profile.
If 97% came from domestic sources then 3% came from foreign sources. This means that $450,000 is 3/100 of the total amount. You need to divide 450,000 by 3 to get 1/100 (1%) of the total amount, then multiply that number by 100 to give you the sum of 100/100 (100%) of the company's revenues:
450,000/3=150,000×100= $15,000,000
So, the company made $15,000,000 last year
Answer:
•Filing for bankruptcy can eliminate debt.
•A major consequence of bankruptcy is that it can harm an individual's chances of receiving additional credit.
Explanation:
Bankruptcy can be defined in three ways.
1. Bankruptcy involves restructuring debts owed by a debtor inorder to be able to pay them. In other words, debtors would file for bankruptcy if they want more time to have their debts restructured(having a payment plan). This gives them another opportunity to pay up their debts.
2. Bankruptcy is when a company sell off it's assets or liquidate them inorder to pay up the debts owed to creditors.
3. Bankruptcy is when an individual who earns wages or has steady source of income is allowed to have a payment plan in order to pay part of his or her debt.
In the above defined bankruptcy options, the chances of getting additional credit after paying up the initial is low. The reason is that these debts would reflect in the credit report of would be borrower in the future hence pose a red flag to organizations that would grant the credit.
It is important for individuals or companies to manage their credit efficiently. Though filing for bankruptcy can eliminate debt, the major future consequence of it is that it can harm an individual's chances of receiving additional credit.
Answer:
See below.
Explanation:
We make the following calculations to find the total assets,
Cash = 41,000 - 3,254 + 36,144 - 3942 + 2725 - 7015 = $65,658
This is the total ending cash balance. All the payments have been deducted and all the receipts have been added.
Accounts receivables = (40600 - 36,144) - 2,725 = $1,731
This is the closing receivables balance. Collections have been deducted and were added to the cash account in previous calculation.
We assume that all the merchandise has been sold and there is no closing inventory.
Total assets = Cash + receivables = $67,389
Net income = Sales - cost of goods sold - expenses = $12,473
Hope that helps.
