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What is the different between non-current assets and current assets?

All those assets which is usable within one fiscal year is called current assets like cash, inventories etc while all those assets which are usable for more than one fiscal year is called non-current or long term assets like building, machinery etc.


Why are plant rooms called this?

Plant rooms are called as such because they house mechanical and electrical equipment that are essential for the operation of a building, such as heating, ventilation, and air conditioning systems. The term "plant" traditionally refers to machinery or equipment used for a specific purpose, and in this case, the room houses the essential plant equipment for a building's functioning.


What is the analysis that uses the percent of fixed assets to total assets?

The analysis that uses the percent of fixed assets to total assets is called the fixed asset turnover ratio. It helps measure a company's ability to generate revenue from its fixed assets, such as property, plant, and equipment. A higher ratio indicates better utilization of fixed assets, while a lower ratio suggests inefficiency in utilizing these assets.


What are unexempt assets?

There is no such thing as unexempt assets. They are called non-exempt assets, and they are assets that must be given up.


The properties owned by a business are called?

Assets


What are Conditions of asset?

it is a valuable thing possessed by business is called assets. For exampl, Cash , Bank, Land & Building, Machinery, Account Receivable, Investment etc.


What is net profits divided by total assets?

net profit devided by total assets is called return on total asset and formula is as follows: Return on total assets = Net profit / total assets.


What are rate sensitive assets?

Bank assets are called rate sensitive assets. These bank assets are always subject to changes because of the interest rates.


What are the money and other valuables that belong to a corporation or a partnership called?

Assets-B


The ratio of current assets to current liabilities is called the?

The ratio between current assets to current liability is called "Current Ratio".


Why land is called fixed asset?

fixed assets are those assets which are not intended to sale. If we sell those assets then our business will not survive.


What is the total amount of physical capital available in a country called?

The total amount of physical capital available in a country is called its capital stock. This includes machinery, equipment, buildings, infrastructure, and other tangible assets used in production.