A firm with $600,000 in sales, cash on hand of $750,000, liabilities of $200,000 and total assets of $1 million has a total asset turnover of ______ times. A firm with $600,000 in sales, cash on hand of $750,000, liabilities of $200,000 and total assets of $1 million has a total asset turnover of ______ times.

Answer: 0.6

Explanation:

Sales = $600,000

Cash on hand = $750,000,

Liabilities = $200,000

Total assets = $1 million

The formula for assets turnover is:

= Sales / Assets

where,

Sales = $600,000

Assets = $1,000,000

Therefore, asset turnover = $600,000 / $1,000,000 = 0.6

Therefore, the assets turnover is 0.6

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A. less risk of disruption to supplies
B. more risk of disruptions to supplies.
C. the same risk to supplies as local supply chains

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a. inspecting workplaces for safety violations
b. identifying unfair pricing strategies
c. negotiating trade agreements
d. deciding if discrimination complaints are valid

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(a) Earned $7,000 fees; customer will pay later.

(b) Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit

(c) Paid $3,000 for rent for January.

(d) Purchased $2,500 of supplies on account.

(e) A. Allen $1,000 investment in the company.

(f) Received $7,000 in cash for fees earned previously.

(g) Paid $1,200 to creditors on account.

(h) Paid wages of $6,250.

(i) Received $7,150 from customers on account.

(j) A. Allen withdrawal of $1,750.



2. For part (h), which two accounts are affected?

Question 2 options:

Fees Earned and Cash


Wages Expense and Cash


Accounts Payable and Cash


Rent Expense and Cash

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than a person
with an associate degree and
than a person with a master's
degree.

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Office Manager: definition, what do they do?

And, what is the training I need to become an office manager?

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