Total Asset Turnover Calculation. Output. Total asset turnover is the amount of money earned through sales revenue to the company from the usage of company's asset. Interest, profit or loss, or net income or net loss may be referred as the turnover. Asset or capital or principal often referred as investment.
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By Kathy Gill. Definition: In Congress, the seniority system describes the practice of granting privileges to members of Congress (Senators and Representatives) who have served the longest. Those privileges range from choice of offices to choice of committee assignments, for example.y Kathy Gill. Definition: In Congress, the seniority system describes the practice of granting privileges to members of Congress (Senators and Representatives) who have served the longest. Those privileges range from choice of offices to choice of committee assignments, for example.