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Lerato has been searching for a job and recently read an ad for a position at a company that he wants to work for. His résumé has already been written, reviewed, and revised, but he needs to craft an effective cover letter. What should Lerato do when writing his cover letter?
Note Payable
A formal written agreement to pay a specified amount of money, often including interest, by a certain date.
Payout Percentage
The proportion of earnings paid out to shareholders as dividends, usually expressed as a percentage of the company's total net income.
Chapter 11 Bankruptcy
A reorganization and rehabilitation form of bankruptcy for businesses, allowing them to continue operations while restructuring debts under court supervision.
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