it is sales less sales returns
Since nothing has been specified, it is assumed that the rates of taxation applicable for a private limited company shall apply to a One Person Company. Net profits, which are calculated by deducting all allowable expenses from the turnover of sales, shall be taxable at the rate of 30 percentage + education cess.
Generally inventory turnover period is calculated as: Sales/Inventory Also by, Cost of Goods Sold/ Average Inventory
ending inventory
Net Profit is the profit determined by a company after deducting the cost of product plus the cost of carrying the prdt from the gross received amount. While turnover of a company represents the total volume of sales a company does .It includes the cost price of the product plus the profit.
ending inventory
There are two ways to calculate Creditors Turnover. First is using the COGS (Cost of Goods Sold) as the basis. Creditors Turnover = COGS / Creditors (A/c Payables) . Second is the more common method which uses Sales as the basis. Creditors Turnover = Net Sales / Creditors (A/c Payables).
The monthly apartment turnover rate is calculated by dividing the number tenants who moved out by the total number of apartments. It is important that you only consider one tenant per apartment.
Annual turnover is annual sales revenue. The money which is generated from selling a product or service. This must not be confused with annual income because income is associated with profits and with income tax while turnover is not! Turnover is the language used by businessmen when asked what their sales figures are for the month or year. It is also used as a management tool to manage and compare the performance of a business with previous years and also with market competitors. If the turnover is high, it does not mean the income is high, because turnover is simply the starting point before profits are calculated and before gross and net income can be ascertained.
total asset turnover shows how much revenue is contributed by assets of a company. a higher ratio implies higher revenue earned. it is calculated as follows:Total asset turnover = Revenue / Average total assetsAverage total assets = (Opening total assets + Closing total assets) / 2
What is cross turnover
What is turnover intention?
It is a dish made by folding a piece of pastry over a filling for example apple turnover, blueberry turnover, grape turnover, ect.