The creditor total payments will differ from the price of the sale unless you have a 0% interest loan. The interest armoritized in the amount of the total of payments. Some companys have simple interest loans, meaning that the interest is accumulated on a daily basis, rather than being financed for the full term of the loan. When payments are made in a timely manner or earlier, you will save alot on interest charges.
Sales is the revenue of company while cost of sales is the cost of goods which are used to manufacture the units of products for sales purpose
Difference between revenue from sales and cost of goods sold is called "Gross profit".
There is no difference between the cost of goods sold and cost of sales. Both are same.What if Cost of Sales relates to a service rather than a "good"? Does that not signify a difference? For example a cost of sales for a service would contain no starting and finishing inventory component as is described in some texts as a way of calculating cost of goods sold.
total cost of sales may include indirect cost as well while direct cost of sales only included direct costs.
Calculate the difference: 167.44 - 166.25 = 1.19. Divide this difference by the cost before the sales tax: 1.19 / 166.25 = about 0.007 or 0.7%.
gross profit
The sales price includes variable cost, the cost of the unit and the markup. Sales price is the rate customers pay for the item.
The margin as a percentage by which sales exceed cost of sales; it is calculated by dividing the difference between the two by the sales figure.
1. Net sales - cost of goods sold = Gross profit Gross profit / Net sales = Gross profit ratio
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.