answersLogoWhite

0

MONEY AND STUFF MONEY AND STUFF

User Avatar

Wiki User

17y ago

What else can I help you with?

Continue Learning about Accounting

What are the advantage of labour turnover?

There are no advantages of labour / staff turnover. Staff turnover is the decrease in the amount of employees you have in your business. Presence of staff turnover indicates employees are leaving your business for some reason. There are no advantages of labour / staff turnover.


What is the turnover for a month that had BOM stock of 250000 and EOM stock of 275000. Sales for the month totaled 200000?

To calculate the turnover for the month, first determine the average stock for the month by adding the beginning of month (BOM) stock and end of month (EOM) stock, then dividing by 2: (250,000 + 275,000) / 2 = 262,500. Next, turnover is calculated by dividing sales by the average stock: 200,000 / 262,500 = 0.7619. Therefore, the turnover for the month is approximately 0.76.


What is the business turnover of MYK Laticrete?

what is the turnover of myk laticrete in india for 2012-13


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 the negative impact on good inventory turnover ratio?

An unusually high Inventory Turnover Ratio compared to Industry could mean a Business is losing sales because of inadequate stock on hand.

Related Questions

What does MAT stand for in terms of turnover?

M A T in Accounting and Turnover business terms stands for 'Moving Annual Total'. It is a recording of turnover over a 12 month period to date.


What does CA mean as an abbreviation in French business?

C.A. = Chiffre d'Affaire = Turnover


What are the advantage of labour turnover?

There are no advantages of labour / staff turnover. Staff turnover is the decrease in the amount of employees you have in your business. Presence of staff turnover indicates employees are leaving your business for some reason. There are no advantages of labour / staff turnover.


What is turnover in business?

Annual revenue.


What is the business turnover of MYK Laticrete?

what is the turnover of myk laticrete in india for 2012-13


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 .


Is annual turnover the income of sales for a company?

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.


What is the negative impact on good inventory turnover ratio?

An unusually high Inventory Turnover Ratio compared to Industry could mean a Business is losing sales because of inadequate stock on hand.


How much is the annual turnover of corporate society?

Corporate Society's turnover was in Lakhs last month.... but this year... it is crossing to Crores.


How do you calculate an annualized turnover rate?

If you're talking about Annualized Turnover calculations for Human Resources: 12 month, annualized - turnover # for a month divided by the headcount for the group. Then multiply that by 12/1 (12 equating to the fact that there are 12 months in a year, 1 being the respective month you are in ... the 2nd month would be '2', the 3rd month would be '3', etc). It gets a little more complicated when you get to month '2' of the equation because you'll need the 'Average Turnover #' and the 'Average Headcount' up to that point in time. It's best to think of Annualization as a predicted indicator 12th month performance if all headcount and turnover remain constant, it's like a predictor.


How does sales turnover affect the size of the business?

Sales turnover directly impacts the size of a business by influencing revenue generation and profitability. Higher sales turnover typically indicates strong demand for products or services, allowing a business to expand its operations, hire more staff, and invest in growth initiatives. Conversely, low sales turnover can hinder a business's ability to scale and may lead to downsizing or operational adjustments. Ultimately, consistent turnover growth is essential for sustaining and increasing the overall size and market presence of a business.


What is entrenchment in business?

It means Executive or Board turnover