0
NO
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.
Are cash sales an asset?
The cash derived from the sales would be the asset. While the term "cash sales" (as opposed to credit sales) may appear on an income statement or a cash flow statement in the plus column, the cash received would appear as an asset on the balance sheet or financial statement.
Is sales an asset quity or liabitity?
Sales is not an asset, liability or equity account rather it is a revenue account and part of income statement rather balance sheet.
How do you calculate total asset turnover?
Total asset turnover ratio = total sales / total assets
Is Credit Sales a current Assets?
Yes, it is a current asset.
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 net sales a asset?
no
Is sales reveune a business asset?
No.
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.
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
Are cash sales an asset?
The cash derived from the sales would be the asset. While the term "cash sales" (as opposed to credit sales) may appear on an income statement or a cash flow statement in the plus column, the cash received would appear as an asset on the balance sheet or financial statement.
Is sales an asset quity or liabitity?
Sales is not an asset, liability or equity account rather it is a revenue account and part of income statement rather balance sheet.
If theasset turnover of a company is 3.2 the total assets are 32000 what were the net sales?
Formula for asset turnover: Asset turnover = net sales / total assets Net sales = 32000 * 3.2 = 102400
How do you calculate total asset turnover?
Total asset turnover ratio = total sales / total assets
What is journal entries when owner withdraw asset on sales price?
general journal
How Du pont system break down return on stockholder's equity?
RoE = (net profits/pretax burden)*(Pretax burden/EBIT)(*EBIT/Sales)*(Sales/Asset)*(Asset/Equity) (ie) Tax Burden*Intrest Burden*Return on Sales*Asset Turn Over*leverage
Is Credit Sales a current Assets?
Yes, it is a current asset.
