2007-02-19 22:13:44 · 6 answers · asked by Queen of the Stone Age 3 in Business & Finance ➔ Small Business
Add up the sales, but not other income such as interest on bank accounts.
2007-02-19 22:21:29 · answer #1 · answered by skip 6 · 0⤊ 0⤋
Turnover would be total sales acheived from the main product --- you cannot consider byproducts and other services offered.
2007-02-19 23:11:59 · answer #2 · answered by loverboy 2 · 0⤊ 0⤋
It's the total value of all transactions coming into a business in a twelve month period - usually the same period as the accounting year for the business.
2007-02-19 22:17:08 · answer #3 · answered by Trevor 7 · 0⤊ 0⤋
turnover simply reflects the level of sales during the accounting period.
Gross profit is turnover (ie: sales) less cost of sales (ie: purchases)
Net profit is gross profit less overheads (ie: other expenses, telephone, wages, heat, light, stationery,etc)
2007-02-19 22:30:14 · answer #4 · answered by Elaine D 3 · 0⤊ 0⤋
if i remember rightly its
sales minus cost of sales minus overheads and expenses
i think!!
2007-02-19 22:19:23 · answer #5 · answered by mandy 3 · 0⤊ 0⤋
total sals minus total costs minus expenses
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2007-02-19 22:23:48 · answer #6 · answered by Anonymous · 0⤊ 0⤋