When it comes to all things business, turnover represents the rate at which any asset is replaced or revolved during a certain time period. In terms of assets such as inventory, raw materials and cash, the accounting period is normally used as the timetable. In terms of human resources or employees, however, a revolving 12-month period is often used to calculate turnover.Know More
Turnover can be positive or negative, depending on the assets in question. For example, when inventory turns over quickly, there may be less waste due to spoilage. A high turnover rate also means that a company is selling more product, which equals more profit. However, when it comes to employees, a high turnover rate can point to poor management and an unhappy workforce.
Turnover is a term used in the financial world as well. In this sense, turnover represents the volume or value of shares traded on the stock market during any given period. On a more individual level, turnover can represent the number of times a trade is made within a single portfolio. If there are too many trades made within a certain period, a broker can be accused of "churning," which is a process that generates more commission for the broker.Learn more about Corporations
Employees are important to businesses because they enable those businesses to operate and offer valuable knowledge that helps businesses become successful. They are loyal to a company if they believe that they are treated well, another factor that enhances a company's success.Full Answer >
K-Mart is not going out of business, as of January 2015. However, the parent company that owns K-Mart, Sears Holdings Corporation is shutting down K-Mart and Sears locations that are only performing marginally, according to Michelle Chapman and Christina Rexrode, journalists for the Huffington Post.Full Answer >
To find out if a business is incorporated, determine the state it would be incorporated in and check with the corresponding Secretary of State's office. Many businesses incorporate where the headquarters are located. However, some businesses may incorporate in other states for tax or privacy protection reasonsFull Answer >
According to the Houston Chronicle, there is no minimum age requirement to join a limited partnership or start a sole proprietorship. However, most states require corporation owners and members of limited liability companies to be of legal age.Full Answer >