ECONOMICS
FOREIGN CURRENCY MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the turnover.
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the liquidity.
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the equity.
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None of the above
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Detailed explanation-1: -Also known as income or gross revenue, turnover is the total amount of sales you make over a set period. This could be weekly, monthly, quarterly or annual turnover-whatever time period you choose to measure.
Detailed explanation-2: -As we’ve mentioned, turnover is the term given to the total income of a business over a specific timeframe. Profit, on the other hand, refers to what is leftover once expenses have been deducted.
Detailed explanation-3: -Put simply, turnover is the total amount of money your business receives from the sale of goods and services – minus discounts and VAT. Turnover is calculated over a specific period of time, usually a quarter or financial year.
Detailed explanation-4: -You can get your average number of employees (Avg) by adding your beginning and ending workforce and dividing by two (Avg = [B+E]/2). Now, you should divide the number of employees who left by your average number of employees. Multiply by 100 to get your final turnover percentage ([L/Avg] x 100).