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What does the occupancy TURNOVER of a firm exactly expect?.Whether its purchase and sale put together or newly sale?
2Apr2008 Filed under: Corporationsplease explain in context of TAMILNADU government TAN VAT system.
Answers:
The most adjectives intent of turnover is gross revenue. It’s never purchases. However please record that here’s Accounts Receivable Turnover, Fixed Asset Turnover, Inventory Turnover, Total Asset Turnover and Working Capital Turnover. Then within’s member of staff or staff turnover which mechanism how brisk you’re losing staff, which routine you’ll enjoy to conscript unmarked staff.
The turnover rate usually refers to how quick workers are replaced - or how long workers stay at the firm.
Turnover is how heaps times inventory is sold and replaced during the year. Some companies test turnover within how long it take an individual item to provide (in vocabulary of percentage of a year).
Turnover usually refers to the income from sale, formerly any costs.
So if a company sell 10 unit at $100 respectively, pays wages of $200 and buys materials at $400, it has
- turnover of $1000
- costs of $600
- income of $400
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