Determine the Dollar Amount of Revenues for a Venture with the Following

question 75

Multiple Choice

Determine the dollar amount of revenues for a venture with the following financial information: net profit = $60,000; assets turnover = 1.5 times; and return on assets 30%.

• A)$300,000
• B)$500,000
• C)$800,000
• D)$1,200,000

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Definitions:

Service Factor

A measure of service level performance, often used in inventory control to determine the appropriate amount of safety stock to meet a specified service level.

Product Availability

A measure of the extent to which goods or services are ready for sale and can be purchased by consumers.

Online Sales

The process of selling goods and services through the internet, enabling transactions to be completed digitally.

Brick and Mortar

A business or retail outlet that has at least one physical location, as opposed to being online or virtual.