Connections 3

In class today we looked at accounting and the different ways to collect, analyze, and report financial information. A fixed asset are assets that will be held or used for a period longer than one year. At my job this would be the land the property is on, equipment that the employees are using; such as ovens, microwaves, and other equipment used to cook and keep a restaurant working, another fixed asset would be the store itself. At the place I am currently working the sales revenue is high resulting in a good net income to keep the business going, pay their employees, and make a profit.