With a rental truck that has a 57-gallon gas tank and gets 9 mpg, you could expect to fill up the loaded U-Haul at least three times along the way (9 mpg x 57 gallon tank = 513 miles per tank and 1547 miles / 513 miles per tank = 3.01 tanks).
LC Means letter of Credit. It is a negotiable instrument to make payment through bankers of both parties, i.e. Payer & Payee.
BREAKING DOWN 'Turnover'. 1. In accounting, turnover often refers to inventory or accounts receivable. A quick turnover is desired because it means that inventory is not sitting on the shelves for too long.2.In a portfolio, a small turnover is desired because it means the investor is paying less in commissions to the broker.. In accounting, turnover often refers to inventory or accounts receivable. A quick turnover is desired because it means that inventory is not sitting on the shelves for too long. 2.