Answer: $7,000
Explanation:
From the question, we are informed that IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000 and that IP Company has a beginning loan balance of $12,000.
The ending loan balance will be:
= $20,000 + $12,000 - $25,000
= $32,000 - $25,000
= $7,000
More information is needed to completely answer your question
Your answer is...............d. If you were starting college all over again, what courses would you take?
Answer:
60%
Explanation:
To calculate the percentage assigned to cost of goods sold
, we should use the formula:

= 60%
Therefore, the percentage assigned to Cost of goods sold is 60%