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Sales tax is due at a point of sale , because of what the sale price is they add how ever many cents to every dollar spent .
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What does commison mean?
Commission is a fee which a salesperson would receive upon completion of a sale. It is a motivational system of payment designed to encourage sales staff to sell more. The amount of remunation paid
What are the 2 kinds of contract of sales?
1.Absolute -- where the sale is not subject to any condition whatsoever and where the title passes to the buyer upon delivery of the thing sold.2.Conditional -- where the sale contemplates a contingency and where the contract is subject to certain conditions, usually in the case of the vendee, for the full payment of the agreed purchase price.
What is installment sales fiinance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
What is installment sales finance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
In California is a vehicle purchase sale tax based upon where the car is purchased or where it is registered?
The sales tax is definitely added WHERE you buy your car.
What is the difference between contract of sale and contract for sale?
Contract of SaleContract to SellTitle over the property passes to the buyer upon delivery unless there is a contrary agreementOwnership is retained by the seller whether or not there is delivery. Ownership passes to the buyer only upon full payment of the priceNon-payment of the purchase price is a negative resolutory condition, meaning the sale becomes ineffective upon the happening of such conditionThe payment in full is a positive suspensive condition, meaning, if the purchase price is not paid, the obligation to deliver and to transfer ownership on the part of the seller does not become effectiveAfter delivery of the objective, the seller loses ownership over it. Unless, the contract is set aside, he cannot recover the objectWhether there is delivery or not, the seller retains the ownership of the object. If the seller, due to non-payment of the price is ousting the buyer from the property, he (seller) is not rescinding the contract of sale but is precisely enforcing it.
what the difference of base price and sales price, loan price.?
Base Price and sale price can be negotiated down to the loan price, which is the agreed upon amount you will finance.
What is sales and sale price?
Sales is an activity in economics, commerce and business. Sale is exchanging goods and services for the monetary value. In olden days sales was performed by barter system The agents of sales are buyer and seller. Sales comes after production and transport in the market. Sales can be wholesale or retail sale. By sales we attribute the cost of production, service and transport. The object of sales can be the commodity or service as consultation, teaching, nursing, assistance. The value for the service is termed as salary and the value of the commodity is termed as price. The sales incurs profit or loss, inflation or surplus. When the monetary value is more and goods are in scarcity, it causes inflation. When there is surplus, the price falls and there incur loss to the retail producers. Once the sales price was subject to stock exchange in the world market. Today it affects also in money trade. There's a lot of competition between the USD/Euro/and £ British pound. Once the sales depended upon the monopoly of USD but today the European market counter bats the USD. The sales price depends upon the petrol price. The petrol is the monopoly of the gulf county. If the petrol is exchange for USD or Euro, the price of all commodities will depend upon this ratio. The sales in the individual countries get affected by the world trade market. Today all the countries export the production to the foreign countries and the citizens have an attraction to the foreign goods. This transaction affects the sales price. The nations need to control their economy.
What journal entry is used to record purchase discounts?
It depends on the kind of discount and agreement that has been agreed upon in the sale transaction. Here is an example of a journal entry for discount for a normal credit sale transaction: Accounts receivable 9000 (dr) Discount from sale 500 (dr) Sales 9500 (cr)
What is the difference between cash and credit sales?
when you purchase something with cash that's what you have available right then and there. with credit you don't have to pay out of pocket right away. you are having someone else hold an accounting for the amount you have spent and send you a bill that is best paid off upon receiving it, to avoid interest.AnswerCash sale you pasy with dollars, credit sale you pay with credit or debit card
What are the parts of the notes?
A promissory note is one legal document that states the terms of a sale. The terms outlined will generally state the following:First payment due date.Payment amount.Interest on the obligation.Number of payments to be made.Balloon payment details if part of the agreement.Other agreed upon terms for the parties.Signatures of buyer and seller.
What are the parts of a promissory notes?
A promissory note is one legal document that states the terms of a sale. The terms outlined will generally state the following:First payment due date.Payment amount.Interest on the obligation.Number of payments to be made.Balloon payment details if part of the agreement.Other agreed upon terms for the parties.Signatures of buyer and seller.
