If Income from Operations for a Division Is $6,000, Invested

question 163

True/False

If income from operations for a division is $6,000, invested assets are $25,000, and sales are $30,000, the investment turnover is 1.2.

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Definitions:

Fixtures

Items that were originally personal property but have been attached to real property in a manner that they are considered legally part of the real property.

Real Property

Land and any structures attached to it, such as buildings or houses, including the rights associated with ownership of the land.

Appurtenance

A legal term referring to an accessory or adjunct that is attached to and passes with the principal property.

Ceiling Fans

Mechanical fans mounted on the ceiling of a room, used to circulate air for cooling or ventilation purposes.