STOCK TURNS Definition

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STOCK TURNS is the number of times per year that the stock (raw material, wip & finished goods) is turned over in relation to the sales revenue of a given product. Calculation - Stock turns = Sales turnover of products / Value of raw material, wip & finished goods.

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MONEY MARKET is a sector of the capital market where short-term obligations such as Treasury bills, commercial paper and bankers acceptances are bought and sold.

ECONOMIC EVENT is the transfer of control of an economic resource from one party to another party.

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