In a case whereby a firm goes bankrupt, shareholders cannot recover their risk capital.
This is because they have loose alot in the investment.
<h3>What is Bankruptcy?</h3>
Bankruptcy can be explained as legal process in which an organization that cannot repay debts to creditors may seek relief debts.
Learn more about Bankruptcy at;
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Answer:
Gross margin= $40,000
Explanation:
Giving the following information:
Per-unit product cost: $30
Gross margin percentage:40%
Selling and administrative expenses $30,000
Operating income$10,000
We know that:
operating income= gross margin- selling and administrative income
10000= gross margin- 30000
40000= gross margin
Juan should call Violet and discuss the issue with her. The two of them should reach an agreement on how they will be taking care of the office on a daily basis. Each of them should be responsible for cleaning and organizing the office daily. In case the two of them are always too busy to clean up, then, they can employ a cleaner, who will be cleaning for them daily and the two of them will contribute to pay the cleaner.
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