What is the average personal net worth of the owner of a company with $10 million in gross receipts?
Answer:
you have to add up the value of all your assets (property appraisals, vehicle blue book ect) plus all the money you have sitting in various accounts, Then subtract it from from all your credit card debt, bank loans, ect. If you include your revolving income and expenses like the electric bill you will get a new figure every day. Banks look at things that can be measured and appraised only, they will include your average monthly income to determine your debt-to-income ratio. but you can include your income and expenses to see if your worth is growing or dwindling. but for concrete worth, see above. It will require some research and appraisals on your part.
that would depend entirley on the comapnies expenses. If you sell 10 million bucks worth oof widgets, and your expenses are 11 million, well..
need a lot more info than that to determine net worth - -
owners equity=assets-liabilities
That would depend on how much the owner pays him or herself wouldn't it? I think so.
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