0
Inventory conversion period tells that how many days it is require to convert inventory to finished goods while inventory turnover tell in number of times that how many times inventory turned into finished goods in one fiscal year.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
The ending merchandise inventory for a period is the same as beginning inventory of which period?
For the following period.
What is the difference between revenue and turnover?
Revenue is the amount of money that comes in from sales, so "sales" and "revenue" are the same. Turnover is the quantity of stock sold over an indicated period, expressed either in monetary value or number of units.
Finished goods inventory and merchandise inventory are the same?
YES
Is turnover the same as profit?
No !! Turnover is the amount of money that is used for the business to trade, profit is the amount of money that is left after the costs of the business have been subtracted from the income from the business. turnover in general sense means the total revenue derieved by an enterprise from its primary business . however different rules and provisions of various laws and acts define turnover differently . There cannot be any stable definition for turnover .
What is Requisition of inventory?
Requisition of inventory is the same as normal requisitions. It is just a formal ordering request with internal controls for approval.
The ending merchandise inventory for a period is the same as beginning inventory of which period?
For the following period.
How do you calculate stock holding ratio?
Stock holding ratio is the same as inventory turnover ratio. To find this ratio one must find the cost of goods sold to a business and its average inventory over a certain time period.
Difference between sales turnover and labor turnover?
Sales turnover is often expressed in monetary terms but can also be expressed in terms of the total amount of stock or products sold within a specific time period, usually a year. Whereas Labour turnover is the ratio of the number of employees that leave a company through attrition, dismissal, or resignation during a period to the number of employees on payroll during the same period.
What is the difference between sales turnover and labor turnover?
Sales turnover is often expressed in monetary terms but can also be expressed in terms of the total amount of stock or products sold within a specific time period, usually a year. Whereas Labour turnover is the ratio of the number of employees that leave a company through attrition, dismissal, or resignation during a period to the number of employees on payroll during the same period.
What is the difference between revenue and turnover?
Revenue is the amount of money that comes in from sales, so "sales" and "revenue" are the same. Turnover is the quantity of stock sold over an indicated period, expressed either in monetary value or number of units.
Is the total turnover the same with the total revenue?
yah
Finished goods inventory and merchandise inventory are the same?
YES
How do you measure labor turnover?
(total number of leavers) / (average total number of employees over same period) x 100 Labour Turnover is the number of employees joining or leaving an organisation in a given period of time. Labour Turnover can be measured in three ways: 1. Flux Method- (No. of employees leaving+No. of employees joined)/Number of employees.100 2. Seperation Method- (No. of employees leaving/ Number of employees).100 3. Replacement Methd-(No. of employees joined/ Number of employees).100
Does paying workers higher salaries increase worker turnover?
Paying higher than competitors for the same work LOWERS my turnover. My employees have less incentive to leave.
Is turnover the same as profit?
No !! Turnover is the amount of money that is used for the business to trade, profit is the amount of money that is left after the costs of the business have been subtracted from the income from the business. turnover in general sense means the total revenue derieved by an enterprise from its primary business . however different rules and provisions of various laws and acts define turnover differently . There cannot be any stable definition for turnover .
What is a table with columns filled with pairs of numbers that have the same ratio?
A conversion table.A conversion table.A conversion table.A conversion table.
Is multiplying by a unit conversion factor the same as or different from multiplying by 1?
A conversion factor is the same as multiplying by a factor of?
