Net Sales / Average Accounts Receivable = Account Receivable Turnover
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The Receivables turnover ratio is used to measure the number of times on an average; the receivables are collected during a particular timeframe. A good receivables turnover ratio implies that the company is able to efficiently collect its receivables.Formula:RTR = Net Credit Sales / Average Net Receivables
The Receivables turnover ratio is used to measure the number of times on an average; the receivables are collected during a particular timeframe. A good receivables turnover ratio implies that the company is able to efficiently collect its receivables.Formula:RTR = Net Credit Sales / Average Net Receivables
Merchandise turnover ratio = 360 / 40 = 9 times
10%
Net Sales / Average Accounts Receivable = Account Receivable Turnover
AnswerRevenueemployee turnover: the ratio of the number of workers that had to be replaced in a given time period to the average number of workers
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15%
The average turnover at a customer call center is 100%. This means that the average staffer stays there one year or less. In debt collection call centers, turnover is about 400%, meaning most staff stay for 3 months.
turnover
1. determine desired profit - convert to percentage of sales to get sales required; 2. determine number of operating days - divide number of days into sales to get average daily sales; 3. estimate volume percentages for meal periods (breakfast, lunch, dinner); 4. multiply figures in step 3 by average sales per day to get dollar volume per period; 5. determine average check per meal period; 6. divide dollar volumes in step 4 by average check for the number of patrons per period; 7. estimate a) average seat occupation per meal period; and b) time per meal period; 8. divide time per period by average occupation to get seat turnover per period; 9. divide possible seat turnover into number of patrons to get number of seats required per period; 10. take the largest seating requirement in step 9 and add a 20% safety margin for the seating capacity.
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory and Average Inventory = ( Beginning Inventory + Ending Inventory ) / 2
Seat turn over is calculated for a set time period, such as lunch. You take the total number of guests served and divide by the total number of seats/places available. It can indicate if you are busy enough for the size. High turnover can indicate the possible viability of adding extra space, low turnover can indicate the need for effective marketing, different menus, specials and so on.
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
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