How Is Turnover Calculated

question 52

Multiple Choice

How is turnover calculated?

• A)operating income/average operating assets
• B)average operating assets/operating income
• C)operating income/sales
• D)sales/average operating assets

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Definitions:

Labor Supply

Refers to the total hours that workers are willing and able to work at a given wage rate.

Marginal Utility

The additional pleasure or advantage gained from consuming one further unit of a particular product or service.

Additional Hour

An extra unit of time beyond the standard or expected duration, often applied in contexts like work or study to represent overtime or extended periods.

Leisure

Free time not taken up by work, when an individual can choose to relax, enjoy hobbies, or engage in any non-work activities.