R


Rate of Stock Turnover The ratio of cost of goods sold over average stock. This indicates how many times on average the entire stock was sold and replaced during the year. In other words, the amount of times the stock "turned over".
Rateable Value A notional value of a property based on market values and determined by a local authority for the purpose of assessing the property tax known as rates.
Receipt Documentary evidence provided by a person or business that they have received goods or mon...

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