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Does gross sales include shipping?
Gross sales is the money earned from the price of the product itself.....
Does gross sales include tips?
Gross sales does not include tips, only money directly from sales. However, total gross receipts does include tips, usually figured to be about 8 percent or the total.
Does gross sales include gst?
yes
What is the difference between gross margin and profit margin?
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.
How do you calculate the Gross Profit Margin?
The Gross Profit Margin is an expression of the Gross Profit as a percentage of Revenue. Gross Profit Margin = Gross Profit/Revenue*100 [or] Gross Profit Margin = Revenue - (Cost of Sales)/Revenue*100 Cost of sales=it include all those expenses and income that will occur during manaufacturing and sales of goods and services
Does gross sales include shipping?
Gross sales is the money earned from the price of the product itself.....
Does gross sales include tips?
Gross sales does not include tips, only money directly from sales. However, total gross receipts does include tips, usually figured to be about 8 percent or the total.
Should you pay Massachusetts sales tax on shipping charges as well as internet purchase price?
According to Directive 04-5, you do not pay sales tax in Massachusetts on shipping or transportation charges.
Does gross sales include gst?
yes
Is there sales tax charged on FED EX Shipping Charges?
No, they do not add sales tax when you ship something via FedEx.
What is the difference between gross margin and gross profit?
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.
What is the difference between gross margin and profit margin?
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.
Does one have to charge Florida Sales Tax for shipping charges?
Shipping charges are subject to sales tax in Florida unless (1) the shipping charge is optional to the customer (for any customer) or (2) the customer takes title to the property at the point of shipment. Florida administrative code rule 12A-1.045 covers this topic. I have written a very detailed article article specifically on the topic of "are shipping charges subject to Florida sales tax." which you can find on our firm's web site www FloridaSalesTax com. I'm a CPA/Attorney that does almost nothing but Florida sales tax controversy and I hope this helps. James Sutton, CPA, Esq.
How do you calculate the Gross Profit Margin?
The Gross Profit Margin is an expression of the Gross Profit as a percentage of Revenue. Gross Profit Margin = Gross Profit/Revenue*100 [or] Gross Profit Margin = Revenue - (Cost of Sales)/Revenue*100 Cost of sales=it include all those expenses and income that will occur during manaufacturing and sales of goods and services
What is the difference between operating profit and profit margin?
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.
What does gross profit include?
* + Net Sales * - Cost of Goods Sold (Expenses directly related to the goods that were sold) * ----------------------------------------------- * = Gross Profit
Is vat tax included in the gross sales?
Yes. Gross sales = Net Sales + VAT
