Determine the Dollar Amount of Total Assets for a Venture

question 20

Multiple Choice

Determine the dollar amount of total assets for a venture with the following financial information: revenues = $500,000; net profit = $70,000; and asset turnover = 2.00 times.

• A) $100,000
• B) $250,000
• C) $375,000
• D) $500,000
• E) $650,000

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Definitions:

Social Mediation

Human interaction that expands and advances understanding, often through words that one person uses to explain something to another.

Zone of Proximal Development

A concept developed by Vygotsky, referring to the difference between what a learner can achieve independently and what they can achieve with guidance and encouragement from a skilled partner.

Bidirectional Function

A relationship or interaction that goes in two directions, often referring to the mutual influence two variables have on each other.

Sociobiological

Related to the study of the biological basis of social behavior in animals and humans.