Net Sales Are $2,400,000, Beginning Total Assets Are $700,000, and the Asset

question 129

Multiple Choice

Net sales are $2,400,000, beginning total assets are $700,000, and the asset turnover is 3.0. What is the ending total asset balance?

• A) $800,000
• B) $900,000
• C) $700,000
• D) $750,000

Know the first step in creating a workplan for employment equity.

Understand the principle of the duty to accommodate within organizations.

Identify the legal sources of the employer's duty to prevent sexual harassment.

Understand the importance of diversity management in leveraging a competitive advantage in global markets.

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Definitions:

MRP

A system known as Material Requirements Planning calculates the necessary components and materials for manufacturing a product.

DRP

Disaster Recovery Plan; a strategy for business continuity that focuses on recovering IT infrastructure and systems after a disaster.

Enterprise Resource Planning

A software system that allows an organization to manage and integrate important parts of its business.

Part-Period Algorithm

A decision rule used in inventory management to determine the optimal time and quantity for reordering inventory.