Retained earnings (beginning of year) $33,000 Utilities expense 2,000 56,000 Equipment Accounts payable 15,300 Cash 15,900 Salaries and wages payable 3,000 Common stock 13,000 Dividends 14,000 Service revenue 78,000 Prepaid insurance Maintenance and repairs expense 3,500 1,800 Depreciation expense 3,300 14,200 Accounts receivable Insurance expense 2,200 Salaries and wages expense 47,000 Accumulated depreciation-equipment 17,600

Q: What is the Total·assets·turnover ratio?

A: Ratio Analysis: The process of analyzing financial ratios and comparing its degree of performance…

Q: Define assets and types of assets.

A: Assets: An asset is a resource controlled by the enterprise as a result of past events and from…

Q: normal balance of asset, liability, and equilt

A: The balance sheet shows the financial position of the company that including the assets,…

Q: name for the amount

A:

Q: What is return on assets(roa)?

A: In general terms, ROA is similar to  Return on Investment.

Q: Define the term nonmonetary assets.

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: What is the difference between experience versus assets with an example?

A: Experience and assets are both important components of an individual or organization, but they have…

Q: n what way do assets differ from liabilities?

A: Solution: Asset is a resource owned by the business having some economic value with expectation of…

Q: Define the concept of Financial Assets

A: Definition:- Generally Financial assets are not in physical nature assets. Which are liquid assets…

Q: WHAT IS CONTRACTUAL LIFE OF ASSETS?

A: An asset is a resource of economic value which is own by an individual and a company and provides…

Q: What is non current assets ?

A: Current assets means those assets which will be converted in to cash in near future generally one…

Q: What does the Total-Assets-Turnover Ratio measure?

A: The asset turnover ratio computes the value of the benefits or income of an organization comparative…

Q: What assets are viewed as current financial resources?

A:

Q: would the return on as

A: Return on Assets is net income divided by the average total assets

Q: In what way do current assets and fixed assets differ from each other?

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: What is the relationship of the asset turnover to the return on assets?

A:

Q: what should be reported as total assets

A: In a Merger, The purchasing entity acquires all the assets and liabilities of the dispersing…

Q: What are fictional assets, and how do they work?

A: Asset is such resources that has future benefits. It has two types:- tañgible , intangible.…

Q: What are the various current assets? Name them.

A: Current assets are assets which are expected to be realised or converted to cash within one year…

Q: Define a financial asset

A: A contractual financial instrument is classified into financial assets and liabilities. They are an…

Q: What are those long-lived assets?

A: Long lived assets are those assets that a business retains for long periods of time for use in the…

Q: Which assets depreciate?

A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…

Q: Which assets are classified as current assets?

A: Definition:     Current assets: The assets which could be converted into cash within one year like…

Q: What are the differences between assets and expenses

A: Definition of Assets: Properties or things owned by business

Q: assets equation

A: Assets Equation is: Assets = Liabilities + Capital