Question

Sales $ 1,750,000 Variable expenses 520,000 Contribution margin 1,230,000 Fixed expenses 880,000 Net operating income $ 350,000 Average operating assets $ 875,000

Answer 1

Average operating assets $ 875,000

What is  assets?

An asset is any resource owned or controlled by a business or economic entity in financial accounting. It is anything that has the potential to generate positive economic value. Assets represent ownership value that can be converted into cash.

In business, an asset is a valuable resource that you own or lease to help you run your business. These resources can be tangible, like computers and petty cash, or intangible, like goodwill, reputation, and brand.

Depreciation is the systematic allocation of an asset's depreciable amount over its useful life. The depreciable amount of an asset is equal to the asset's cost or another amount substituted for cost, less its residual value.

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