A Company Had Average Total Assets of $897,000

question 204

Multiple Choice

A company had average total assets of $897,000.Its gross sales were $1,090,000 and its net sales were $1,000,000.The company's total asset turnover is equal to:

• A)0.82
• B)0.90
• C)1.09
• D)1.11
• E)1.26

Grasp the concept of sleep patterns and disturbances in early childhood.

Comprehend the process and importance of language development and cognitive skills like fast mapping.

Describe the neurological and physiological development of the brain in early childhood.

Acknowledge the relationship between handedness and cognitive functions.

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Definitions:

Incurred

Costs or expenses that a company has obtained or become responsible for as a result of its operations.

Accrual-Basis Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability until the obligation is fulfilled.

Unearned Rent

is income received by a landlord for rent that has been paid in advance by a tenant but has not yet been earned.