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How do you calculate sales from net income percentage?
Sales can be calculated by using net income percentage because net income is always reported as a percentage of sales. For exmaple net income of 20 is a 20% of sales so sales will be as follows: 20% sales = net income Sales = Net income / 20 * 100 Sales = 20 /20 * 100 = 100 So Sales = 100
Is sales return an income account?
Yes, sales returns does appear in the income statement:Revenues:Sales 250,000less Sales returns 25,000
How do you present sales returns in the income statement?
sales+sales return=net sales
What section would sales returns and allowances be on the income statement?
Sales returns and allowances reduces the actual sales value that;s why shown as deduction from Sales Revenue in Income Statement
Is calculated by dividing the net income by revenue or sales?
return on sales
How do you calculate sales from net income percentage?
Sales can be calculated by using net income percentage because net income is always reported as a percentage of sales. For exmaple net income of 20 is a 20% of sales so sales will be as follows: 20% sales = net income Sales = Net income / 20 * 100 Sales = 20 /20 * 100 = 100 So Sales = 100
What is a commercial crop raised for income rather than subsistence crop raised for the use of the farmer and his family?
Cacao is a commercial crop raised for income rather than a subsistence crop raised for the use of the farmer and his family.
Is sales return an income account?
Yes, sales returns does appear in the income statement:Revenues:Sales 250,000less Sales returns 25,000
Is net sales and and net income the same thing?
Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.
What is a commercial crop raised for income rather than a subsistence crop raised for the use of the farmer and his family?
Cacao is a commercial crop raised for income rather than a subsistence crop raised for the use of the farmer and his family.
How do you present sales returns in the income statement?
sales+sales return=net sales
Which crop is most income earning crop in India?
guar current price @300 kgs.
What is the average income of a crop insurance agent?
The average income of a crop insurance agent is $6000 monthly. This translates to a salary of over $72000 per year.
Is accrued income posted as cr to accrued income and debit to sales account net?
no its the opposite Accrude income Dr. Sales Cr. Accrued income is income that has incurred but not yet invoiced.
What section would sales returns and allowances be on the income statement?
Sales returns and allowances reduces the actual sales value that;s why shown as deduction from Sales Revenue in Income Statement
What is the second largest cash crop in America?
Soybeans are the second largest crop in cash sales in the United States, and the largest value crop export.
Is calculated by dividing the net income by revenue or sales?
return on sales
