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selling products that you own in the business

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14y ago

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Are sales assets or liabilities?

Sales are neither assets nor liabilities. Sales is the operating revenue recognized for a company over a period of time. However, the resulting cash and receivables from Sales are assets.


Are sales assets?

No. Sales are part of Revenue.


Is sales an assets?

NO


What are fluctuating current assets?

Fluctuating crrent assets is the assets which haven't direct relationship with sales!


What is the Legal definition of All Assets Debenture?

what is an all assets debenture


Which firm would you expect to have the higher assets-to-sales ratio?

A firm with a higher assets-to-sales ratio is typically one that requires significant investment in fixed assets to generate sales, such as manufacturing companies or heavy equipment firms. In contrast, service-oriented firms or technology companies, which may rely more on intellectual property and less on physical assets, generally have lower assets-to-sales ratios. Therefore, a manufacturing firm would be expected to have a higher assets-to-sales ratio compared to a software or consulting firm.


What is the definition of Sales Realization?

As soon as a prospect or a lead converts into a customer who just signed up for, or paid for a product or a service, that moment is called sales realization. Before that, it's just pre sales phase where cold calls and warm calls are made to convert a lead into a customer.


What is net sales divided by tangible assets ratio?

fixed assets turnover ratio


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


What will a decrease a revenue and a decrease in assets?

A sales refund will reduce income (debit to Sales Returns) and assets (credit to cash). A debit to Depreciation Expense and a credit to Accumulated Depreciation will reduce assets and net income.


What is operating assets turnover?

Operating asset turnover is the ratio of net sales divided by operating assets.


Definition of accounting equation?

Assets = Liabilities + Equity