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In database each row have some fields or attributes . In a shop database there is a field for sales and using the data of sales field, profit can be calculated.
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What is the formula for profit percentage?
Profits, as a percentage of total sales is 100*profits/value of sales.profit/cost price x 100
What are the pros and cons of using the percentage of sales method to create pro forma financial statements?
It forecasts sales and then expresses the various income statement items as percentage of projected sales. It assumes that the firm's cost and expenses are variable. This approach implies that the firm will not receive the benefit that result from fixed costs, when sales are increasing. There for profits can be understated with sales is increasing, but overstates profits when sales are decreasing. Depending on which way you look at it, tax break, or making the company look profitable this can be
What is a sales account?
A sales account is the account that actually records a company's profits. The account is normally taken after all employees are paid and all company expenses are doled out.
What Four common sources of internal data supplied to internal databases include the accounting department operations the sales force and the?
operations
Should a non profit charge sales tax on items it sells as a fund raise?
Remeber that sales tax is a state by state tax so rules vary. Most states will require the same sales tax charged by nonprofits that is charged by for profits. Otherwise, the competition is not fair.
How do non profit organisations generate profit?
It's not they they are intended to not generate profits. It's that they don't generally pay taxes on their profits. Non profits generate income through a variety of sources including contributions, grants and program fees.
An increase in sales and profits generates the necessary cash required for economic growth?
An increase in sales and profits does not necessarily mean an economy will grow. The economy will only grow if the sales and profits are substantial in size.
How can the relationship between sales and profits be written?
The relationship between sales and profits can be expressed through the profit margin formula, which is (Profit / Sales) x 100. This formula shows what percentage of sales results in profit. A higher profit margin indicates that a company is more efficient at converting sales into profit.
What is the potential relationship between gross sales and profits?
The potential relationship between gross sales and profits is that as gross sales increase, there is a possibility for profits to increase. However, it is important to note that gross sales alone do not determine profitability. Other factors such as expenses, cost of goods sold, and operational efficiency also play a role in determining the level of profits.
What incentive do manufacturers have to sell products?
Making profits on sales
Who profits from the sales of Mother's Day merchandise?
All the sellers
Which colony made huge profits as as a result of tobacco sales to Europe?
The Virginia colony made huge profits as a result of tobacco sales to Europe.
Why are books reviewed?
To generate interest and therefore, sales.
What are responsibilities of a sales bank?
to generate client profit.
Why is sales promotion important?
Sales promotion important as it creates awareness for a product or service. This will usually result into higher sales and profits for the company.
What is the meaning of acronym ITEX?
The acronym ITEX stands for International Trade Exchange. ITEX has been in existence for over 30 years, they help many businesses generate bigger sales and preserve cash flow thereby increasing profits.
What does Forty percent McDonald's profits come from the sales of?
parking lol
