QBO Settings Are Comprised of Company Settings and QBO Chart

question 8

Multiple Choice

QBO Settings are comprised of Company Settings and QBO Chart of Accounts.Company Settings are accessed by using the following process:

• A)Select the Search icon,then select Advanced Search,then select Company.
• B)Select the Create (+)icon,then select Other,then select Company.
• C)Select the Gear icon,then select Account and Settings,then select Company.
• D)Select the ? icon,then select Search,then select Company.

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Definitions:

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by average accounts receivable.

Inventory Turnover

A measure of how frequently a company sells and replaces its stock of goods during a period, indicating the efficiency of inventory management.