Joseph,a Small Café Owner,is Facing Possible Bankruptcy Due to a Severe

question 21

Essay

Joseph,a small café owner,is facing possible bankruptcy due to a severe decrease in business in his restaurant.Tom,a friend of Joseph,approached him about hiring illegal immigrants because Joseph can pay those workers a lower pay rate and save on payroll.What should Joseph do?

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained rather than paid out as dividends to shareholders, often used for reinvestment.

Retained Earnings

Funds that a company has decided to keep for reinvestment or other purposes instead of distributing as dividends.

Deficit

A financial situation where expenses exceed revenues, resulting in a negative balance.