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What else can I help you with?
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
Is a building considered an asset?
If building is owned by business then it is asset of business while if building is acquired on rent then it is not an asset of business.
Is sales asset?
NO
Is net sales a asset?
no
Is accounts receivable classified as a liabilities and equity on a balance sheet?
Account receivable is that part of sales which are done on credit so if company received cash at the time of sales that would be asset as well so it is the amount which is receivable in future so it is current asset of company.
Is a bank loan a financial asset?
Bank loan is a liability for business not an asset for business.
Are sales considered an asset in a company's financial statements?
Yes, sales are not considered an asset in a company's financial statements. Sales represent revenue generated from selling goods or services, which is recorded as income on the income statement, not as an asset on the balance sheet.
Is inventory a real or financial asset?
Inventory is a real asset for business for which company use in earning revenue for business.
What is useful life of an asset?
Useful life of an asset means the time for which any asset is usable in business for generating revenue for business.
Is current asset the same as a fixed asset?
Current asset is that asset which is utilizable within one fiscal year of business while fixed asset is that asset which is utilizable for more than one fiscal year of business.
What is the profit margin if the asset turnover ratio is 3 time and the return on asset is .1?
Return on Assets = Profit Margin on Sales x Asset Turnover .1 = Profit Margin on Sales x 3 .033 = Profit Margin on Sales
Is equipment considered a revenue or asset?
Equipment is an asset for business which is usable in business to generate revenue.
